Citigroup Inc. Acquires 4,771 Shares of ManTech International Corporation (MANT)
Citigroup Inc. lifted its holdings in shares of ManTech International Corporation (NASDAQ:MANT) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,356 shares of the technology company’s stock after acquiring an additional 4,771 shares during the quarter. Citigroup Inc. owned about 0.09% of ManTech International Corporation worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in ManTech International Corporation by 187,452.0% during the 1st quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock worth $128,534,000 after purchasing an additional 3,709,675 shares during the period. Wellington Management Group LLP acquired a new stake in ManTech International Corporation in the 1st quarter valued at $8,213,000. Vanguard Group Inc. increased its holdings in ManTech International Corporation by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after purchasing an additional 234,114 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in ManTech International Corporation in the 2nd quarter valued at $7,889,000. Finally, Denver Investment Advisors LLC raised its position in ManTech International Corporation by 37.7% in the second quarter. Denver Investment Advisors LLC now owns 467,771 shares of the technology company’s stock valued at $19,356,000 after purchasing an additional 128,009 shares during the period. Institutional investors and hedge funds own 61.87% of the company’s stock.
Shares of ManTech International Corporation (NASDAQ MANT) opened at 44.15 on Monday. The company’s 50-day moving average is $39.78 and its 200 day moving average is $38.23. The stock has a market cap of $1.72 billion, a P/E ratio of 29.10 and a beta of 0.94. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $45.52.
ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $413.70 million during the quarter, compared to the consensus estimate of $418.60 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. Equities research analysts anticipate that ManTech International Corporation will post $1.52 EPS for the current year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a $0.21 dividend. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, September 7th. ManTech International Corporation’s payout ratio is 27.63%.
In other ManTech International Corporation news, COO Kevin M. Phillips sold 24,020 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $41.03, for a total transaction of $985,540.60. Following the completion of the sale, the chief operating officer now owns 47,656 shares of the company’s stock, valued at $1,955,325.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $40.39, for a total value of $100,975.00. Following the sale, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $344,930.60. The disclosure for this sale can be found here. Insiders sold a total of 28,520 shares of company stock worth $1,167,556 over the last three months. 35.06% of the stock is owned by company insiders.
A number of research analysts have commented on the company. Zacks Investment Research upgraded ManTech International Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, September 1st. Loop Capital raised ManTech International Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $41.00 to $44.00 in a research report on Friday, June 30th. Maxim Group set a $44.00 target price on ManTech International Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered ManTech International Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.83.
TRADEMARK VIOLATION WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/02/citigroup-inc-acquires-4771-shares-of-mantech-international-corporation-mant.html.
ManTech International Corporation 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.
Receive News & Stock Ratings for ManTech International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManTech International Corporation and related stocks with our FREE daily email newsletter.