Bessemer Group Inc. increased its position in shares of ManTech International Corporation (NASDAQ:MANT) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 40,700 shares of the technology company’s stock after buying an additional 2,200 shares during the period. Bessemer Group Inc.’s holdings in ManTech International Corporation were worth $1,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mason Street Advisors LLC raised its position in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock worth $207,000 after buying an additional 436 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of ManTech International Corporation by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock worth $209,000 after buying an additional 2,231 shares in the last quarter. West Coast Financial LLC bought a new position in shares of ManTech International Corporation during the second quarter worth $211,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ManTech International Corporation by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock worth $235,000 after buying an additional 2,053 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of ManTech International Corporation by 3.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,825 shares of the technology company’s stock worth $236,000 after buying an additional 200 shares in the last quarter. 60.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ManTech International Corporation (NASDAQ:MANT) opened at 39.02 on Friday. The firm has a 50-day moving average of $39.96 and a 200-day moving average of $38.07. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $45.52. The firm has a market cap of $1.52 billion, a P/E ratio of 25.72 and a beta of 0.94.

ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $413.70 million for the quarter, compared to the consensus estimate of $418.60 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts forecast that ManTech International Corporation will post $1.52 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.21 per share. This represents a yield of 2.01%. The ex-dividend date is Thursday, September 7th. ManTech International Corporation’s dividend payout ratio is currently 27.63%.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of ManTech International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of ManTech International Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Loop Capital raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $41.00 to $44.00 in a research note on Friday, June 30th. Maxim Group reaffirmed a “buy” rating and issued a $44.00 price target on shares of ManTech International Corporation in a research note on Wednesday, May 3rd. Finally, Noble Financial reaffirmed a “hold” rating on shares of ManTech International Corporation in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.67.

In related news, insider Daniel J. Keefe sold 9,989 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $38.66, for a total transaction of $386,174.74. Following the sale, the insider now owns 9,989 shares of the company’s stock, valued at $386,174.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Armitage sold 3,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $40.01, for a total transaction of $120,030.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at approximately $160,040. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,500 shares of company stock worth $603,431. 22.28% of the stock is owned by insiders.

About ManTech International Corporation

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

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Institutional Ownership by Quarter for ManTech International Corporation (NASDAQ:MANT)

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