O Shares Investment Advisers LLC cut its stake in shares of Mantech International Corp (NASDAQ:MANT) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,526 shares of the technology company’s stock after selling 520 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Mantech International were worth $244,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MANT. Norges Bank acquired a new position in shares of Mantech International during the 4th quarter worth $23,047,000. BlackRock Inc. grew its stake in shares of Mantech International by 5.8% during the 4th quarter. BlackRock Inc. now owns 3,987,949 shares of the technology company’s stock worth $208,550,000 after purchasing an additional 217,476 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Mantech International by 9.4% during the 1st quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock worth $40,605,000 after purchasing an additional 64,530 shares during the period. ClariVest Asset Management LLC grew its stake in shares of Mantech International by 63.0% during the 4th quarter. ClariVest Asset Management LLC now owns 87,300 shares of the technology company’s stock worth $4,564,000 after purchasing an additional 33,730 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Mantech International by 92.9% during the 4th quarter. Hsbc Holdings PLC now owns 62,865 shares of the technology company’s stock worth $3,287,000 after purchasing an additional 30,271 shares during the period. 64.01% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on MANT. Morgan Stanley began coverage on shares of Mantech International in a research note on Monday, June 3rd. They set an “equal weight” rating and a $65.00 price target on the stock. BidaskClub raised shares of Mantech International from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 6th. ValuEngine raised shares of Mantech International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised shares of Mantech International from a “sell” rating to a “hold” rating and set a $69.00 price target on the stock in a research note on Tuesday, April 30th. Finally, Cowen reissued a “buy” rating and issued a $65.00 price objective on shares of Mantech International in a research note on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Mantech International presently has a consensus rating of “Buy” and an average price target of $66.25.
Shares of NASDAQ MANT opened at $64.15 on Friday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. Mantech International Corp has a 52 week low of $48.25 and a 52 week high of $68.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.02.
Mantech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. The firm had revenue of $501.90 million for the quarter, compared to analysts’ expectations of $507.79 million. Mantech International had a net margin of 4.18% and a return on equity of 5.97%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. As a group, equities research analysts expect that Mantech International Corp will post 2.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.27 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. Mantech International’s payout ratio is 52.43%.
In other Mantech International news, CFO Judith L. Bjornaas sold 12,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.90, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Judith L. Bjornaas sold 3,670 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $53.84, for a total transaction of $197,592.80. Following the completion of 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. Over the last three months, insiders sold 19,670 shares of company stock worth $1,201,473. 33.70% of the stock is owned by corporate insiders.
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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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