Rhumbline Advisers increased its holdings in shares of Mantech International Corp (NASDAQ:MANT) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,236 shares of the technology company’s stock after buying an additional 8,160 shares during the period. Rhumbline Advisers owned about 0.16% of Mantech International worth $3,124,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Mantech International by 126.7% in the 4th quarter. Wells Fargo & Company MN now owns 325,136 shares of the technology company’s stock valued at $16,318,000 after purchasing an additional 181,689 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of Mantech International by 38.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 471,340 shares of the technology company’s stock worth $20,809,000 after acquiring an additional 131,495 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Mantech International by 136.8% in the 3rd quarter. Nationwide Fund Advisors now owns 76,256 shares of the technology company’s stock worth $3,367,000 after acquiring an additional 44,056 shares during the period. Arizona State Retirement System lifted its stake in shares of Mantech International by 224.4% in the 4th quarter. Arizona State Retirement System now owns 43,371 shares of the technology company’s stock worth $2,177,000 after acquiring an additional 30,000 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Mantech International in the 3rd quarter worth $1,264,000. 64.40% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on MANT shares. Loop Capital raised their target price on shares of Mantech International to $57.00 in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Saturday, February 3rd. Cowen reiterated a “buy” rating and issued a $54.00 price objective on shares of Mantech International in a research note on Thursday, November 30th. Maxim Group raised their price objective on shares of Mantech International from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, ValuEngine upgraded shares of Mantech International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Mantech International currently has a consensus rating of “Hold” and an average price target of $56.14.
In other Mantech International news, Director Kenneth A. Minihan sold 6,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.64, for a total transaction of $351,840.00. Following the completion of the transaction, the director now directly owns 7,000 shares in the company, valued at approximately $410,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Judith L. Bjornaas sold 9,756 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $57.20, for a total transaction of $558,043.20. Following the transaction, the chief financial officer now owns 15,756 shares of the company’s stock, valued at $901,243.20. The disclosure for this sale can be found here. Insiders have sold a total of 34,083 shares of company stock valued at $1,942,832 over the last 90 days. 22.28% of the stock is currently owned by insiders.
Shares of Mantech International Corp (NASDAQ:MANT) traded down $0.64 during midday trading on Friday, hitting $53.95. 56,052 shares of the company traded hands, compared to its average volume of 244,513. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. Mantech International Corp has a 12-month low of $33.50 and a 12-month high of $62.24. The firm has a market capitalization of $2,166.62, a PE ratio of 18.76, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Mantech International had a net margin of 6.65% and a return on equity of 4.96%. The firm had revenue of $462.30 million during the quarter, compared to the consensus estimate of $461.91 million. During the same period last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. research analysts forecast that Mantech International Corp will post 2.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.25 per share. This is an increase from Mantech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 8th. Mantech International’s dividend payout ratio (DPR) is 17.18%.
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About Mantech International
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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