Acrospire Investment Management LLC increased its stake in ManTech International Corp. (NASDAQ:MANT) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,700 shares of the company’s stock after buying an additional 100 shares during the period. Acrospire Investment Management LLC’s holdings in ManTech International Corp. were worth $102,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MANT. Envestnet Asset Management Inc. increased its stake in ManTech International Corp. by 74.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,386 shares of the company’s stock worth $108,000 after buying an additional 1,447 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of ManTech International Corp. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,406 shares of the company’s stock valued at $129,000 after buying an additional 419 shares in the last quarter. Legal & General Group Plc increased its position in shares of ManTech International Corp. by 34.9% in the first quarter. Legal & General Group Plc now owns 4,654 shares of the company’s stock valued at $150,000 after buying an additional 1,204 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of ManTech International Corp. during the second quarter valued at approximately $217,000. Finally, KBC Group NV purchased a new position in shares of ManTech International Corp. during the second quarter valued at approximately $269,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.
Shares of ManTech International Corp. (NASDAQ:MANT) traded up 0.15% during mid-day trading on Wednesday, hitting $39.38. 28,582 shares of the company traded hands. The firm’s 50 day moving average price is $40.10 and its 200-day moving average price is $36.08. ManTech International Corp. has a 1-year low of $24.90 and a 1-year high of $41.69. The stock has a market capitalization of $1.51 billion, a PE ratio of 27.10 and a beta of 1.44.
ManTech International Corp. (NASDAQ:MANT) last released its earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. ManTech International Corp. had a net margin of 3.46% and a return on equity of 4.62%. The company had revenue of $401.35 million for the quarter, compared to analyst estimates of $402.12 million. During the same quarter last year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that ManTech International Corp. will post $1.46 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, September 7th. ManTech International Corp.’s dividend payout ratio is currently 28.77%.
Several research analysts have commented on the stock. Wells Fargo & Co. downgraded shares of ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 30th. Zacks Investment Research upgraded shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday, August 8th. Finally, Jefferies Group restated a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.92.
In other ManTech International Corp. news, insider Daniel J. Keefe sold 37,500 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $39.36, for a total value of $1,476,000.00. Following the sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $492,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin M. Phillips sold 13,949 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $41.14, for a total transaction of $573,861.86. Following the completion of the sale, the insider now directly owns 31,605 shares in the company, valued at approximately $1,300,229.70. The disclosure for this sale can be found here. Corporate insiders own 22.28% of the company’s stock.
ManTech International Corp. Company Profile
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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