Mantech International Corp (MANT) Shares Bought by Mason Street Advisors LLC
Mason Street Advisors LLC raised its position in shares of Mantech International Corp (NASDAQ:MANT) by 3.6% in the first quarter, HoldingsChannel reports. The firm owned 8,537 shares of the technology company’s stock after acquiring an additional 294 shares during the period. Mason Street Advisors LLC’s holdings in Mantech International were worth $461,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. ETRADE Capital Management LLC raised its position in Mantech International by 5.8% during the 4th quarter. ETRADE Capital Management LLC now owns 5,783 shares of the technology company’s stock valued at $302,000 after purchasing an additional 316 shares in the last quarter. Hsbc Holdings PLC raised its position in Mantech International by 92.9% during the 4th quarter. Hsbc Holdings PLC now owns 62,865 shares of the technology company’s stock valued at $3,287,000 after purchasing an additional 30,271 shares in the last quarter. Gotham Asset Management LLC raised its position in Mantech International by 135.4% during the 4th quarter. Gotham Asset Management LLC now owns 10,524 shares of the technology company’s stock valued at $550,000 after purchasing an additional 6,053 shares in the last quarter. SG Americas Securities LLC raised its position in Mantech International by 114.1% during the 1st quarter. SG Americas Securities LLC now owns 19,757 shares of the technology company’s stock valued at $1,067,000 after purchasing an additional 10,531 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in Mantech International during the 4th quarter valued at $528,000. 64.01% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Judith L. Bjornaas sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $62.90, for a total transaction of $754,800.00. Following the transaction, the chief financial officer now directly owns 22,000 shares in the company, valued at approximately $1,383,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Judith L. Bjornaas sold 3,670 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $53.84, for a total value of $197,592.80. Following the transaction, the insider now owns 10,000 shares in the company, valued at $538,400. The disclosure for this sale can be found here. Insiders own 33.70% of the company’s stock.
Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $501.90 million during the quarter, compared to analyst estimates of $507.79 million. Mantech International had a return on equity of 5.97% and a net margin of 4.18%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Research analysts expect that Mantech International Corp will post 2.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, June 6th. Mantech International’s payout ratio is 52.43%.
MANT has been the subject of several recent research reports. BidaskClub raised Mantech International from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 6th. ValuEngine raised Mantech International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Mantech International from a “sell” rating to a “hold” rating and set a $69.00 price target for the company in a research report on Tuesday, April 30th. Finally, Cowen reissued a “buy” rating and issued a $65.00 price target on shares of Mantech International in a research report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.43.
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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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