Earnest Partners LLC boosted its stake in shares of Mantech International Corp (NASDAQ:MANT) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,436,311 shares of the technology company’s stock after acquiring an additional 4,231 shares during the quarter. Earnest Partners LLC owned 3.59% of Mantech International worth $94,581,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in Mantech International by 57.5% in the second quarter. JPMorgan Chase & Co. now owns 979,039 shares of the technology company’s stock worth $63,754,000 after purchasing an additional 357,579 shares during the period. BlackRock Inc. boosted its holdings in Mantech International by 2.6% during the second quarter. BlackRock Inc. now owns 4,232,504 shares of the technology company’s stock worth $278,711,000 after buying an additional 105,706 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Mantech International by 9.4% during the first quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock worth $40,605,000 after buying an additional 64,530 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mantech International by 13.0% during the second quarter. Bank of New York Mellon Corp now owns 499,533 shares of the technology company’s stock worth $32,895,000 after buying an additional 57,510 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Mantech International by 6.0% during the second quarter. Northern Trust Corp now owns 787,720 shares of the technology company’s stock worth $51,871,000 after buying an additional 44,358 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.
A number of equities analysts have issued reports on MANT shares. Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd. BidaskClub cut Mantech International from a “strong-buy” rating to a “buy” rating in a report on Wednesday. SunTrust Banks raised their target price on Mantech International to $77.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Morgan Stanley set a $66.00 target price on Mantech International and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Co cut Mantech International from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.40.
Mantech International (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The business had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $551.29 million. During the same quarter in the previous year, the business posted $0.50 EPS. Mantech International’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts expect that Mantech International Corp will post 2.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, September 12th. Mantech International’s payout ratio is 52.43%.
In other Mantech International news, insider Richard John Wagner sold 8,600 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $70.23, for a total value of $603,978.00. Following the sale, the insider now owns 7,635 shares in the company, valued at approximately $536,206.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Phillips sold 32,431 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $67.98, for a total value of $2,204,659.38. Following the completion of the sale, the chief executive officer now owns 106,063 shares in the company, valued at approximately $7,210,162.74. The disclosure for this sale can be found here. Insiders own 33.70% of the company’s stock.
Mantech International Company Profile
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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