Dimensional Fund Advisors LP boosted its position in shares of ManTech International Corp. (NASDAQ:MANT) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,968,618 shares of the company’s stock after buying an additional 152,610 shares during the period. Dimensional Fund Advisors LP owned 5.15% of ManTech International Corp. worth $74,451,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MANT. Victory Capital Management Inc. increased its stake in ManTech International Corp. by 19.6% in the second quarter. Victory Capital Management Inc. now owns 1,160,895 shares of the company’s stock worth $43,906,000 after buying an additional 189,928 shares during the last quarter. Acadian Asset Management LLC increased its stake in ManTech International Corp. by 24.8% in the second quarter. Acadian Asset Management LLC now owns 962,448 shares of the company’s stock worth $36,399,000 after buying an additional 191,010 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in ManTech International Corp. during the second quarter worth about $23,744,000. BlackRock Institutional Trust Company N.A. increased its stake in ManTech International Corp. by 3.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 586,298 shares of the company’s stock worth $18,756,000 after buying an additional 19,747 shares during the last quarter. Finally, Chartwell Investment Partners LLC increased its stake in ManTech International Corp. by 23.3% in the second quarter. Chartwell Investment Partners LLC now owns 388,765 shares of the company’s stock worth $14,703,000 after buying an additional 73,415 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.
ManTech International Corp. (NASDAQ:MANT) traded up 0.48% during mid-day trading on Tuesday, reaching $40.00. 74,261 shares of the company’s stock traded hands. ManTech International Corp. has a 52-week low of $24.90 and a 52-week high of $41.69. The company has a 50-day moving average of $40.18 and a 200-day moving average of $36.36. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 27.53 and a beta of 1.44.
ManTech International Corp. (NASDAQ:MANT) last posted its earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $401.35 million for the quarter, compared to analyst estimates of $402.12 million. During the same period last year, the business posted $0.33 EPS. ManTech International Corp.’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that ManTech International Corp. will post $1.46 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.21 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. ManTech International Corp.’s payout ratio is presently 28.77%.
MANT has been the subject of several research reports. Zacks Investment Research upgraded 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. Wells Fargo & Co. downgraded ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 30th. 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.92.
In related news, insider Kevin M. Phillips sold 13,949 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $41.14, for a total value of $573,861.86. Following the transaction, the insider now directly owns 31,605 shares in the company, valued at approximately $1,300,229.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Judith L. Bjornaas sold 13,900 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $40.77, for a total transaction of $566,703.00. Following the completion of the transaction, the chief financial officer now owns 15,900 shares in the company, valued at $648,243. The disclosure for this sale can be found here. 22.28% of the stock is currently owned by corporate insiders.
About ManTech International Corp.
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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