State Street Corp grew its holdings in shares of ManTech International Corporation (NASDAQ:MANT) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 655,663 shares of the technology company’s stock after buying an additional 16,555 shares during the period. State Street Corp owned 2.55% of ManTech International Corporation worth $27,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its holdings in ManTech International Corporation by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,202 shares of the technology company’s stock worth $1,126,000 after buying an additional 91 shares during the last quarter. Arizona State Retirement System lifted its holdings in ManTech International Corporation by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,371 shares of the technology company’s stock worth $553,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its holdings in ManTech International Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 18,695 shares of the technology company’s stock worth $774,000 after buying an additional 192 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in ManTech International Corporation by 2.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,190 shares of the technology company’s stock worth $381,000 after buying an additional 240 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in ManTech International Corporation by 2.8% during the 2nd quarter. Aperio Group LLC now owns 11,843 shares of the technology company’s stock worth $490,000 after buying an additional 317 shares during the last quarter. 61.87% of the stock is owned by institutional investors.
Shares of ManTech International Corporation (NASDAQ:MANT) opened at $49.66 on Monday. The company has a market capitalization of $1,936.39, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 3.98 and a beta of 0.93. ManTech International Corporation has a one year low of $33.50 and a one year high of $51.56.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ 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 Corporation had a return on equity of 4.73% and a net margin of 3.61%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. analysts predict that ManTech International Corporation will post 1.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 7th. ManTech International Corporation’s dividend payout ratio is presently 27.45%.
In other ManTech International Corporation news, 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 transaction of $100,975.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $344,930.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kevin M. Phillips sold 24,020 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $41.03, for a total value of $985,540.60. Following the sale, the chief operating officer now directly owns 47,656 shares of the company’s stock, valued at $1,955,325.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,020 shares of company stock valued at $1,637,561. 35.06% of the stock is owned by company insiders.
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Several analysts have recently weighed in on MANT shares. Zacks Investment Research raised ManTech International Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, September 1st. Maxim Group set a $44.00 target price on ManTech International Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company boosted their target price on ManTech International Corporation from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Finally, Cowen and Company reissued a “buy” rating and issued a $49.00 target price on shares of ManTech International Corporation in a report on Thursday, October 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.86.
About ManTech International Corporation
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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