Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Mantech International Corp (NASDAQ:MANT) by 335.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,442 shares of the technology company’s stock after purchasing an additional 4,192 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mantech International were worth $344,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in MANT. OppenheimerFunds Inc. lifted its holdings in Mantech International by 1,577.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 336,309 shares of the technology company’s stock valued at $18,039,000 after purchasing an additional 316,266 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Mantech International by 215.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 407,897 shares of the technology company’s stock valued at $25,820,000 after purchasing an additional 278,769 shares during the last quarter. BlackRock Inc. lifted its holdings in Mantech International by 8.1% during the 2nd quarter. BlackRock Inc. now owns 3,621,012 shares of the technology company’s stock valued at $194,230,000 after purchasing an additional 270,010 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in Mantech International during the 2nd quarter valued at about $13,137,000. Finally, First Trust Advisors LP lifted its holdings in Mantech International by 139.8% during the 2nd quarter. First Trust Advisors LP now owns 363,534 shares of the technology company’s stock valued at $19,500,000 after purchasing an additional 211,944 shares during the last quarter. 63.61% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on MANT. BidaskClub raised shares of Mantech International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Loop Capital lifted their price target on shares of Mantech International to $80.00 and gave the company a “buy” rating in a report on Monday, September 17th. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, November 6th. Finally, Cowen reissued a “buy” rating and set a $65.00 price target on shares of Mantech International in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Mantech International currently has a consensus rating of “Buy” and an average price target of $64.63.
Shares of NASDAQ MANT opened at $53.67 on Friday. Mantech International Corp has a 1-year low of $46.00 and a 1-year high of $68.11. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 3.21 and a beta of 0.97.
Mantech International (NASDAQ:MANT) last announced its earnings results on Thursday, November 1st. The technology company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Mantech International had a net margin of 6.77% and a return on equity of 5.84%. The company had revenue of $497.20 million during the quarter, compared to the consensus estimate of $487.86 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate that Mantech International Corp will post 2.09 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 6th. Mantech International’s dividend payout ratio is presently 61.73%.
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About Mantech International
ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
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