Bank of New York Mellon Corp lowered its position in shares of Mantech International Corp (NASDAQ:MANT) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 416,500 shares of the technology company’s stock after selling 6,155 shares during the period. Bank of New York Mellon Corp owned about 1.07% of Mantech International worth $18,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Mantech International by 6.8% during the second quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock worth $164,049,000 after purchasing an additional 252,770 shares in the last quarter. Earnest Partners LLC increased its position in shares of Mantech International by 1.7% during the second quarter. Earnest Partners LLC now owns 1,403,248 shares of the technology company’s stock worth $58,066,000 after purchasing an additional 23,191 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Mantech International by 11.8% during the third quarter. Victory Capital Management Inc. now owns 1,181,031 shares of the technology company’s stock worth $52,143,000 after purchasing an additional 125,005 shares in the last quarter. Northern Trust Corp increased its position in shares of Mantech International by 31.5% during the second quarter. Northern Trust Corp now owns 732,890 shares of the technology company’s stock worth $30,327,000 after purchasing an additional 175,453 shares in the last quarter. Finally, State Street Corp increased its position in shares of Mantech International by 2.6% during the second quarter. State Street Corp now owns 655,663 shares of the technology company’s stock worth $27,133,000 after purchasing an additional 16,555 shares in the last quarter. Institutional investors and hedge funds own 63.26% of the company’s stock.

In other Mantech International news, COO Kevin M. Phillips sold 24,020 shares of Mantech International 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 sale, the chief operating officer now owns 47,656 shares of the company’s stock, valued at approximately $1,955,325.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Keefe sold 6,500 shares of Mantech International stock in a transaction that occurred on Monday, November 6th. The shares were 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 directly owns 6,500 shares in the company, valued at approximately $324,025. The disclosure for this sale can be found here. Insiders sold a total of 89,520 shares of company stock worth $4,191,621 in the last 90 days. 22.28% of the stock is currently owned by insiders.

MANT has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Mantech International from $42.00 to $44.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Cowen reiterated a “buy” rating and set a $45.00 target price on shares of Mantech International in a research report on Monday, August 21st. Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Friday, September 29th. Finally, Maxim Group boosted their price target on Mantech International from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.57.

Mantech International Corp (MANT) opened at $50.69 on Monday. The stock has a market capitalization of $1,976.56, a PE ratio of 33.13, a P/E/G ratio of 4.06 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 results on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 had a return on equity of 4.73% and a net margin of 3.61%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. research analysts forecast that Mantech International Corp will post 1.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, December 7th. Mantech International’s dividend payout ratio (DPR) is presently 27.45%.

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Mantech International 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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Institutional Ownership by Quarter for Mantech International (NASDAQ:MANT)

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