Great West Life Assurance Co. Can maintained its position in ManTech International Corp. (NASDAQ:MANT) during the second quarter, Holdings Channel reports. The institutional investor owned 3,803 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in ManTech International Corp. were worth $122,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in ManTech International Corp. by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 113,251 shares of the company’s stock valued at $3,623,000 after buying an additional 10,323 shares during the period. California State Teachers Retirement System raised its position in ManTech International Corp. by 0.6% in the second quarter. California State Teachers Retirement System now owns 51,836 shares of the company’s stock worth $1,960,000 after buying an additional 332 shares during the last quarter. Prudential Financial Inc. raised its position in ManTech International Corp. by 38.2% in the first quarter. Prudential Financial Inc. now owns 77,754 shares of the company’s stock worth $2,487,000 after buying an additional 21,500 shares during the last quarter. Norges Bank bought a new position in ManTech International Corp. during the fourth quarter worth about $9,704,000. Finally, Emerald Acquisition Ltd. bought a new position in ManTech International Corp. during the second quarter worth about $23,744,000. 61.70% of the stock is currently owned by institutional investors.
Shares of ManTech International Corp. (NASDAQ:MANT) traded up 0.30% on Tuesday, reaching $39.93. The company had a trading volume of 113,949 shares. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 27.48 and a beta of 1.44. ManTech International Corp. has a 12 month low of $24.90 and a 12 month high of $41.69. The stock has a 50 day moving average price of $40.18 and a 200-day moving average price of $36.36.
ManTech International Corp. (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm earned $401.35 million during the quarter, compared to the consensus estimate of $402.12 million. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. ManTech International Corp.’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. Analysts forecast that ManTech International Corp. will post $1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Wednesday, September 7th. ManTech International Corp.’s dividend payout ratio is presently 28.77%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered ManTech International Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Jefferies Group reissued a “sell” rating and issued a $26.00 target price on shares of ManTech International Corp. in a report on Thursday, July 28th. Finally, Wells Fargo & Co. lowered ManTech International Corp. from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.92.
In other ManTech International Corp. news, insider Kevin M. Phillips sold 13,949 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $41.14, for a total transaction of $573,861.86. Following the transaction, the insider now owns 31,605 shares of the company’s stock, valued at approximately $1,300,229.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Judith L. Bjornaas sold 13,900 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $40.77, for a total value of $566,703.00. Following the transaction, the chief financial officer now directly owns 15,900 shares in the company, valued at approximately $648,243. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.
About ManTech International Corp.
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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