Mantech International Corp (MANT) Position Lifted by Earnest Partners LLC
Earnest Partners LLC boosted its position in Mantech International Corp (NASDAQ:MANT) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,404,719 shares of the technology company’s stock after buying an additional 1,471 shares during the quarter. Earnest Partners LLC owned approximately 3.60% of Mantech International worth $62,018,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Heartland Advisors Inc. bought a new stake in Mantech International in the second quarter valued at about $7,889,000. Renaissance Technologies LLC increased its holdings in Mantech International by 5.1% in the first quarter. Renaissance Technologies LLC now owns 21,433 shares of the technology company’s stock valued at $742,000 after buying an additional 1,033 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Mantech International by 27.4% in the second quarter. TIAA CREF Investment Management LLC now owns 85,102 shares of the technology company’s stock valued at $3,522,000 after buying an additional 18,326 shares during the last quarter. BlackRock Inc. increased its holdings in Mantech International by 6.8% in the second quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock valued at $164,049,000 after buying an additional 252,770 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Mantech International in the second quarter valued at about $1,159,000. 63.26% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the company. Cowen reissued a “buy” rating and issued a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Maxim Group boosted their price objective on Mantech International from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Loop Capital upped their target price on Mantech International from $45.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Wells Fargo & Company upped their target price on Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research lowered Mantech International from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a report on Friday, September 29th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Mantech International currently has an average rating of “Hold” and an average target price of $45.57.
Mantech International Corp (NASDAQ MANT) opened at $50.49 on Friday. The stock has a market capitalization of $1,968.76, a P/E ratio of 33.00, a PEG ratio of 4.05 and a beta of 0.97. Mantech International Corp has a 52-week low of $33.50 and a 52-week high of $52.35.
Mantech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business had revenue of $422.70 million during the quarter, compared to the consensus estimate of $427.44 million. Mantech International had a return on equity of 4.73% and a net margin of 3.61%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. research analysts expect that Mantech International Corp will post 1.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. Mantech International’s dividend payout ratio is presently 27.45%.
In other Mantech International news, COO Kevin M. Phillips sold 24,020 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $41.03, for a total value of $985,540.60. Following the completion of the sale, the chief operating officer now directly owns 47,656 shares in the company, valued at $1,955,325.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Keefe sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the completion of the sale, the insider now owns 6,500 shares of the company’s stock, valued at $324,025. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,020 shares of company stock valued at $4,323,186. Insiders own 22.28% of the company’s stock.
Mantech International 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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