Ameriprise Financial Inc. Has $17,948,000 Position in ManTech International Corp. (MANT)
Ameriprise Financial Inc. reduced its position in shares of ManTech International Corp. (NASDAQ:MANT) by 20.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474,585 shares of the company’s stock after selling 119,624 shares during the period. Ameriprise Financial Inc. owned about 1.24% of ManTech International Corp. worth $17,948,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of ManTech International Corp. during the fourth quarter worth about $9,704,000. Aperio Group LLC increased its position in shares of ManTech International Corp. by 4.5% in the first quarter. Aperio Group LLC now owns 9,478 shares of the company’s stock worth $303,000 after buying an additional 407 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of ManTech International Corp. by 1.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,780 shares of the company’s stock worth $281,000 after buying an additional 125 shares during the last quarter. Prudential Financial Inc. increased its position in shares of ManTech International Corp. by 38.2% in the first quarter. Prudential Financial Inc. now owns 77,754 shares of the company’s stock worth $2,487,000 after buying an additional 21,500 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of ManTech International Corp. by 4.9% in the first quarter. BlackRock Group LTD now owns 39,899 shares of the company’s stock worth $1,277,000 after buying an additional 1,857 shares during the last quarter. 61.70% of the stock is owned by institutional investors.
Shares of ManTech International Corp. (NASDAQ:MANT) traded up 1.63% during mid-day trading on Wednesday, hitting $39.96. The company had a trading volume of 48,868 shares. The firm has a market capitalization of $1.53 billion, a P/E ratio of 27.50 and a beta of 1.44. The firm has a 50-day moving average price of $40.10 and a 200 day moving average price of $36.08. ManTech International Corp. has a 12 month low of $24.90 and a 12 month high of $41.69.
ManTech International Corp. (NASDAQ:MANT) last posted its earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The business had revenue of $401.35 million for the quarter, compared to analysts’ expectations of $402.12 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that ManTech International Corp. will post $1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, September 7th. ManTech International Corp.’s dividend payout ratio (DPR) is currently 28.77%.
A number of research analysts have issued reports on MANT shares. Zacks Investment Research downgraded ManTech International Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Jefferies Group reissued a “sell” rating and issued a $26.00 price target on shares of ManTech International Corp. in a report on Thursday, July 28th. Finally, Wells Fargo & Co. downgraded ManTech International Corp. from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.92.
In related news, CFO Judith L. Bjornaas sold 13,900 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $40.77, for a total transaction of $566,703.00. Following the transaction, the chief financial officer now owns 15,900 shares of the company’s stock, valued at $648,243. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin M. Phillips sold 13,949 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $41.14, for a total value of $573,861.86. Following the transaction, the insider now directly owns 31,605 shares in the company, valued at approximately $1,300,229.70. The disclosure for this sale can be found here. Insiders own 22.28% of the company’s stock.
ManTech International Corp. Company Profile
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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