BlackRock Inc. lifted its position in shares of ManTech International Corporation (NASDAQ:MANT) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,964,424 shares of the technology company’s stock after acquiring an additional 252,770 shares during the period. BlackRock Inc. owned 10.26% of ManTech International Corporation worth $164,049,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of ManTech International Corporation by 13.6% during the second quarter. Ameriprise Financial Inc. now owns 428,211 shares of the technology company’s stock worth $17,720,000 after acquiring an additional 51,240 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in ManTech International Corporation by 27.4% in the second quarter. TIAA CREF Investment Management LLC now owns 85,102 shares of the technology company’s stock worth $3,522,000 after purchasing an additional 18,326 shares during the period. Teachers Advisors LLC lifted its holdings in ManTech International Corporation by 40.9% in the second quarter. Teachers Advisors LLC now owns 56,321 shares of the technology company’s stock worth $2,331,000 after purchasing an additional 16,357 shares during the period. Capital Fund Management S.A. lifted its holdings in ManTech International Corporation by 132.0% in the second quarter. Capital Fund Management S.A. now owns 46,571 shares of the technology company’s stock worth $1,927,000 after purchasing an additional 26,500 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in ManTech International Corporation by 11.9% in the second quarter. Martingale Asset Management L P now owns 132,237 shares of the technology company’s stock worth $5,472,000 after purchasing an additional 14,101 shares during the period. Institutional investors and hedge funds own 61.87% of the company’s stock.
In other ManTech International Corporation news, COO Kevin M. Phillips sold 24,020 shares of the firm’s stock in a transaction dated 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 owns 47,656 shares in the company, valued at $1,955,325.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the firm’s stock in a transaction dated 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 approximately $850,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,520 shares of company stock worth $1,167,556. 22.28% of the stock is owned by company insiders.
MANT has been the subject of several research analyst reports. Zacks Investment Research raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, September 1st. Loop Capital raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $41.00 to $44.00 in a report on Friday, June 30th. Finally, Maxim Group set a $44.00 price objective on shares of ManTech International Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.50.
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Shares of ManTech International Corporation (MANT) opened at 46.01 on Friday. The firm’s 50-day moving average price is $42.14 and its 200 day moving average price is $39.24. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $46.56. The firm has a market cap of $1.79 billion, a P/E ratio of 30.33 and a beta of 0.94.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $418.60 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. On average, equities analysts expect that ManTech International Corporation will post $1.52 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.21 dividend. This represents a yield of 2.01%. The ex-dividend date was Thursday, September 7th. ManTech International Corporation’s dividend payout ratio is 27.63%.
About ManTech International Corporation
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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