Systematic Financial Management LP increased its position in ManTech International Corporation (NASDAQ:MANT) by 24.9% during the first quarter, Holdings Channel reports. The institutional investor owned 47,135 shares of the technology company’s stock after buying an additional 9,395 shares during the period. Systematic Financial Management LP owned 0.12% of ManTech International Corporation worth $1,632,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MANT. A.R.T. Advisors LLC bought a new stake in shares of ManTech International Corporation during the fourth quarter worth about $202,000. Mason Street Advisors LLC increased its stake in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock worth $207,000 after buying an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ManTech International Corporation by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock worth $235,000 after buying an additional 2,053 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of ManTech International Corporation by 3.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,825 shares of the technology company’s stock worth $236,000 after buying an additional 200 shares in the last quarter. Finally, TFS Capital LLC bought a new stake in shares of ManTech International Corporation during the first quarter worth about $281,000. 62.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of ManTech International Corporation (MANT) traded down 4.01% during midday trading on Friday, hitting $38.81. The company’s stock had a trading volume of 325,121 shares. ManTech International Corporation has a 52-week low of $33.50 and a 52-week high of $45.52. The firm has a market cap of $1.51 billion, a P/E ratio of 25.77 and a beta of 0.99. The stock’s 50 day moving average is $38.78 and its 200-day moving average is $38.67.
ManTech International Corporation (NASDAQ:MANT) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. ManTech International Corporation had a net margin of 3.57% and a return on equity of 4.72%. The company had revenue of $418.37 million during the quarter, compared to analyst estimates of $402.15 million. Equities analysts predict that ManTech International Corporation will post $1.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a $0.21 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.84 annualized dividend and a yield of 2.16%. ManTech International Corporation’s dividend payout ratio (DPR) is presently 27.81%.
MANT has been the topic of a number of analyst reports. TheStreet raised ManTech International Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Maxim Group reissued a “buy” rating and set a $44.00 price target on shares of ManTech International Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research raised ManTech International Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, May 17th. Cowen and Company reissued a “hold” rating and set a $38.00 price target on shares of ManTech International Corporation in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Company raised ManTech International Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday, March 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.00.
In related news, Director Barry G. Campbell sold 18,700 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.68, for a total value of $723,316.00. Following the completion of the transaction, the director now directly owns 1,300 shares in the company, valued at $50,284. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Keefe sold 9,989 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $38.66, for a total transaction of $386,174.74. Following the completion of the transaction, the insider now owns 9,989 shares of the company’s stock, valued at $386,174.74. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock valued at $1,326,747 over the last quarter. 22.28% of the stock is owned by company insiders.
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.
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