Goldman Sachs Group Inc. Acquires 10,454 Shares of ManTech International Corporation (MANT)
Goldman Sachs Group Inc. grew its holdings in ManTech International Corporation (NASDAQ:MANT) by 36.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,393 shares of the technology company’s stock after purchasing an additional 10,454 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.15% of ManTech International Corporation worth $1,630,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of ManTech International Corporation by 79.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock valued at $209,000 after purchasing an additional 2,231 shares during the last quarter. West Coast Financial LLC bought a new position in ManTech International Corporation during the 2nd quarter worth approximately $211,000. Neuberger Berman Group LLC bought a new position in ManTech International Corporation during the 2nd quarter worth approximately $223,000. Stifel Financial Corp bought a new position in ManTech International Corporation during the 2nd quarter worth approximately $228,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in ManTech International Corporation by 1.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,950 shares of the technology company’s stock worth $310,000 after acquiring an additional 160 shares during the last quarter. 61.53% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the stock. Maxim Group lifted their price objective on shares of ManTech International Corporation from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Loop Capital lifted their price objective on shares of ManTech International Corporation from $45.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of ManTech International Corporation from $42.00 to $44.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Cowen and Company reissued a “buy” rating and set a $49.00 price objective on shares of ManTech International Corporation in a research note on Thursday, October 12th. Finally, Zacks Investment Research lowered shares of ManTech International Corporation from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Friday, September 29th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.86.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $422.70 million for the quarter, compared to analysts’ expectations of $427.44 million. ManTech International Corporation had a return on equity of 4.75% and a net margin of 3.61%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, December 7th. ManTech International Corporation’s payout ratio is 27.45%.
In other ManTech International Corporation news, COO Kevin M. Phillips sold 24,020 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $41.03, for a total transaction of $985,540.60. Following the transaction, the chief operating officer now directly owns 47,656 shares in the company, valued at approximately $1,955,325.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.52, for a total value of $81,040.00. Following the transaction, the director now owns 21,000 shares in the company, valued at $850,920. The disclosure for this sale can be found here. Insiders have sold a total of 28,520 shares of company stock worth $1,167,556 over the last 90 days. Company insiders own 22.28% of the company’s stock.
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ManTech International Corporation Company Profile
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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