Rhumbline Advisers Increases Position in Mantech International Corp (MANT)
Rhumbline Advisers boosted its stake in Mantech International Corp (NASDAQ:MANT) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 54,076 shares of the technology company’s stock after buying an additional 1,040 shares during the period. Rhumbline Advisers owned approximately 0.14% of Mantech International worth $2,387,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. grew its stake in Mantech International by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,202 shares of the technology company’s stock valued at $1,126,000 after buying an additional 91 shares during the last quarter. Arizona State Retirement System grew its stake in Mantech International by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 13,371 shares of the technology company’s stock valued at $553,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund grew its stake in Mantech International by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 18,695 shares of the technology company’s stock valued at $774,000 after buying an additional 192 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Mantech International by 5.5% in the 2nd 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 during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Mantech International by 2.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,190 shares of the technology company’s stock valued at $381,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 63.26% of the company’s stock.
In other news, insider L. William Varner sold 47,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $48.52, for a total transaction of $2,304,700.00. Following the completion of the sale, the insider now owns 37,500 shares of the company’s stock, valued at approximately $1,819,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Keefe sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.85, for a total transaction of $324,025.00. Following the sale, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $324,025. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,020 shares of company stock valued at $4,323,186. 22.28% of the stock is currently owned by insiders.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $422.70 million during the quarter, compared to the consensus estimate of $427.44 million. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. equities analysts anticipate that Mantech International Corp will post 1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, December 7th. Mantech International’s dividend payout ratio (DPR) is presently 27.45%.
A number of analysts have issued reports on MANT shares. Cowen reissued a “buy” rating and issued a $45.00 price objective on shares of Mantech International in a report on Monday, August 21st. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, August 25th. Maxim Group reissued a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Mantech International in a report on Wednesday, September 20th. Finally, Loop Capital boosted their price objective on shares of Mantech International from $45.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.57.
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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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