Mantech International Corp (NASDAQ:MANT) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 536,700 shares, a growth of 19.1% from the June 30th total of 450,700 shares. Based on an average daily volume of 116,200 shares, the short-interest ratio is currently 4.6 days. Currently, 2.0% of the shares of the stock are sold short.

Several brokerages have recently commented on MANT. Wells Fargo & Co cut shares of Mantech International from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. ValuEngine upgraded shares of Mantech International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. BidaskClub upgraded shares of Mantech International from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 6th. SunTrust Banks lifted their price target on shares of Mantech International to $77.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Mantech International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $73.40.

In other Mantech International news, CFO Judith L. Bjornaas sold 12,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.90, for a total value of $754,800.00. Following the completion of the sale, the chief financial officer now owns 22,000 shares in the company, valued at approximately $1,383,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Armitage sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $62.27, for a total transaction of $249,080.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $249,080. The disclosure for this sale can be found here. Insiders have sold a total of 24,600 shares of company stock valued at $1,607,858 over the last three months. 33.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MANT. SG Americas Securities LLC raised its position in Mantech International by 114.1% during the first quarter. SG Americas Securities LLC now owns 19,757 shares of the technology company’s stock worth $1,067,000 after acquiring an additional 10,531 shares in the last quarter. Mason Street Advisors LLC raised its position in Mantech International by 3.6% during the first quarter. Mason Street Advisors LLC now owns 8,537 shares of the technology company’s stock worth $461,000 after acquiring an additional 294 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Mantech International by 1.4% in the first quarter. Rhumbline Advisers now owns 79,196 shares of the technology company’s stock valued at $4,278,000 after purchasing an additional 1,094 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of Mantech International by 5.8% in the first quarter. ETF Managers Group LLC now owns 220,469 shares of the technology company’s stock valued at $11,910,000 after purchasing an additional 12,040 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Mantech International by 1.8% in the first quarter. Victory Capital Management Inc. now owns 1,157,978 shares of the technology company’s stock valued at $62,554,000 after purchasing an additional 20,473 shares during the last quarter. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

MANT traded down $2.13 during trading on Wednesday, reaching $66.39. The company had a trading volume of 144,400 shares, compared to its average volume of 126,905. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.43 and a current ratio of 1.43. Mantech International has a 12 month low of $48.25 and a 12 month high of $71.90. The company’s fifty day moving average price is $67.33. The stock has a market capitalization of $2.81 billion, a P/E ratio of 32.23, a P/E/G ratio of 3.79 and a beta of 0.92.

Mantech International (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Mantech International had a net margin of 4.30% and a return on equity of 6.21%. The firm had revenue of $537.00 million for the quarter, compared to analyst estimates of $551.29 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that Mantech International will post 2.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, September 12th. Mantech International’s payout ratio is currently 52.43%.

About Mantech International

ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.

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