First Trust Advisors LP increased its stake in Mantech International Corp (NASDAQ:MANT) by 26.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,705 shares of the technology company’s stock after acquiring an additional 25,991 shares during the quarter. First Trust Advisors LP owned approximately 0.31% of Mantech International worth $6,159,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Mantech International by 297.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,458 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Mantech International during the third quarter valued at $165,000. Public Employees Retirement System of Ohio grew its holdings in shares of Mantech International by 5.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after buying an additional 239 shares in the last quarter. Barings LLC purchased a new position in shares of Mantech International during the fourth quarter valued at $221,000. Finally, Stifel Financial Corp purchased a new position in shares of Mantech International during the second quarter valued at $228,000. Institutional investors and hedge funds own 64.41% of the company’s stock.
In related news, CFO Judith L. Bjornaas sold 9,756 shares of Mantech International stock in a transaction on Monday, March 5th. The stock was sold at an average price of $57.20, for a total transaction of $558,043.20. Following the completion of the sale, the chief financial officer now owns 15,756 shares of the company’s stock, valued at $901,243.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel J. Keefe sold 4,327 shares of Mantech International stock in a transaction on Monday, March 5th. The shares were sold at an average price of $57.03, for a total value of $246,768.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,083 shares of company stock valued at $1,613,372. Insiders own 35.06% of the company’s stock.
MANT has been the topic of a number of research analyst reports. Cowen reiterated a “buy” rating and set a $54.00 price target on shares of Mantech International in a report on Thursday, November 30th. Loop Capital lifted their price target on Mantech International to $57.00 in a report on Tuesday, December 19th. Zacks Investment Research downgraded Mantech International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, BidaskClub downgraded Mantech International from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.14.
Mantech International Corp (NASDAQ:MANT) traded down $0.16 on Wednesday, reaching $54.67. The company had a trading volume of 327,194 shares, compared to its average volume of 215,270. The firm has a market capitalization of $2,174.86, a PE ratio of 18.78, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. Mantech International Corp has a 52-week low of $33.50 and a 52-week high of $62.24. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02.
Mantech International (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $461.91 million. Mantech International had a return on equity of 4.96% and a net margin of 6.65%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. research analysts forecast that Mantech International Corp will post 2.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.25 per share. This is a boost from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Mantech International’s dividend payout ratio (DPR) is presently 17.18%.
Mantech International Company Profile
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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