Swiss National Bank Has $2.19 Million Position in Mantech International Corp (MANT)
Swiss National Bank increased its holdings in Mantech International Corp (NASDAQ:MANT) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 43,687 shares of the technology company’s stock after acquiring an additional 1,900 shares during the quarter. Swiss National Bank’s holdings in Mantech International were worth $2,193,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. State Street Corp increased its position in shares of Mantech International by 2.6% in the second quarter. State Street Corp now owns 655,663 shares of the technology company’s stock valued at $27,133,000 after acquiring an additional 16,555 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Mantech International by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 19,891 shares of the technology company’s stock valued at $823,000 after acquiring an additional 738 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Mantech International by 5.5% in 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 acquiring an additional 239 shares during the period. Nationwide Fund Advisors increased its position in shares of Mantech International by 136.8% in the third quarter. Nationwide Fund Advisors now owns 76,256 shares of the technology company’s stock valued at $3,367,000 after acquiring an additional 44,056 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Mantech International in the third quarter valued at about $317,000. Institutional investors own 63.24% of the company’s stock.
In related news, Director Mary K. Bush sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the sale, the director now owns 7,540 shares of the company’s stock, valued at $380,393. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Judith L. Bjornaas sold 9,756 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $57.20, for a total transaction of $558,043.20. Following the sale, the chief financial officer now directly owns 15,756 shares in the company, valued at approximately $901,243.20. The disclosure for this sale can be found here. Insiders have sold 29,083 shares of company stock worth $1,663,822 in the last three months. 22.28% of the stock is currently owned by insiders.
Mantech International (NASDAQ:MANT) last announced its earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $462.30 million for the quarter, compared to analyst estimates of $461.91 million. Mantech International had a net margin of 6.65% and a return on equity of 4.96%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. sell-side analysts forecast that Mantech International Corp will post 2.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.25 per share. This is a positive change from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.71%. Mantech International’s payout ratio is presently 17.18%.
A number of equities analysts have issued reports on MANT shares. Loop Capital boosted their price objective on shares of Mantech International to $57.00 in a research report on Tuesday, December 19th. BidaskClub cut shares of Mantech International from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Zacks Investment Research lowered shares of Mantech International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Cowen reaffirmed a “buy” rating and set a $54.00 target price on shares of Mantech International in a research note on Thursday, November 30th. Finally, SunTrust Banks lifted their target price on shares of Mantech International to $58.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Mantech International presently has an average rating of “Hold” and an average price target of $56.14.
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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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