Earnest Partners LLC boosted its position in Mantech International Corp (NASDAQ:MANT) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,436,311 shares of the technology company’s stock after purchasing an additional 4,231 shares during the period. Earnest Partners LLC’s holdings in Mantech International were worth $94,581,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of MANT. FMR LLC increased its stake in shares of Mantech International by 1,578.6% in the first quarter. FMR LLC now owns 705 shares of the technology company’s stock valued at $38,000 after buying an additional 663 shares during the period. Bank of Montreal Can increased its stake in shares of Mantech International by 4,472.0% in the second quarter. Bank of Montreal Can now owns 2,286 shares of the technology company’s stock valued at $150,000 after buying an additional 2,236 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Mantech International by 38.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,591 shares of the technology company’s stock valued at $170,000 after buying an additional 714 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Mantech International in the second quarter valued at about $214,000. Finally, M&T Bank Corp acquired a new stake in shares of Mantech International in the second quarter valued at about $238,000. 67.37% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on MANT. Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. BidaskClub cut Mantech International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. SunTrust Banks raised their target price on Mantech International to $77.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Wells Fargo & Co cut Mantech International from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley set a $66.00 target price on Mantech International and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Four research 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 a consensus target price of $73.40.
In other news, insider Richard John Wagner sold 8,600 shares of the firm’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 transaction, the insider now owns 7,635 shares in the company, valued at $536,206.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Phillips sold 32,431 shares of Mantech International stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $67.98, for a total value of $2,204,659.38. Following the sale, the chief executive officer now owns 106,063 shares in the company, valued at $7,210,162.74. The disclosure for this sale can be found here. 33.70% of the stock is owned by company insiders.
Shares of NASDAQ:MANT opened at $68.75 on Friday. The business’s 50 day simple moving average is $68.84 and its two-hundred day simple moving average is $62.15. The firm has a market cap of $2.71 billion, a P/E ratio of 33.37, a PEG ratio of 3.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.43 and a current ratio of 1.43. Mantech International Corp has a 52-week low of $48.25 and a 52-week high of $71.90.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.60 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $537.00 million for the quarter, compared to analyst estimates of $551.29 million. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Mantech International Corp will post 2.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.27 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. Mantech International’s dividend payout ratio is presently 52.43%.
Mantech International 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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