ManTech International Corp. (MANT) Stake Boosted by First Trust Advisors LP
First Trust Advisors LP increased its position in ManTech International Corp. (NASDAQ:MANT) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 64,505 shares of the company’s stock after buying an additional 216 shares during the period. First Trust Advisors LP owned approximately 0.17% of ManTech International Corp. worth $2,440,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. 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 $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. Norges Bank bought a new stake in ManTech International Corp. during the fourth quarter worth $9,704,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in ManTech International Corp. by 90.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 219,298 shares of the company’s stock worth $8,293,000 after buying an additional 104,256 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.
ManTech International Corp. (NASDAQ:MANT) traded up 1.68% during trading on Wednesday, reaching $39.98. 82,450 shares of the company’s stock were exchanged. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 27.52 and a beta of 1.44. ManTech International Corp. has a 52-week low of $24.90 and a 52-week high of $41.69. The stock’s 50-day moving average price is $40.10 and its 200-day moving average price is $36.08.
ManTech International Corp. (NASDAQ:MANT) last posted its earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The firm earned $401.35 million during the quarter, compared to analyst estimates of $402.12 million. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that ManTech International Corp. will post $1.46 earnings per share for the current year.
The business 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 $0.21 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.84 annualized dividend and a yield of 2.10%. ManTech International Corp.’s dividend payout ratio (DPR) is currently 28.77%.
A number of analysts have recently weighed in on MANT shares. Zacks Investment Research raised shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, August 8th. 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. Finally, Jefferies Group reissued a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $35.92.
In related news, insider Kevin M. Phillips sold 13,949 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $41.14, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Judith L. Bjornaas sold 13,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $40.77, for a total value of $566,703.00. Following the completion of the sale, the chief financial officer now owns 15,900 shares of the company’s stock, valued at $648,243. The disclosure for this sale can be found here. 22.28% of the stock is 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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