ManTech International Corporation (MANT) Holdings Cut by Systematic Financial Management LP
Systematic Financial Management LP trimmed its stake in shares of ManTech International Corporation (NASDAQ:MANT) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,345 shares of the technology company’s stock after selling 1,790 shares during the period. Systematic Financial Management LP owned 0.12% of ManTech International Corporation worth $1,876,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of MANT. Mason Street Advisors LLC lifted its holdings in ManTech International Corporation by 7.9% during the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock valued at $207,000 after purchasing an additional 436 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in ManTech International Corporation by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock valued at $209,000 after purchasing an additional 2,231 shares in the last quarter. West Coast Financial LLC purchased a new position in ManTech International Corporation during the second quarter valued at $211,000. Neuberger Berman Group LLC purchased a new position in ManTech International Corporation during the second quarter valued at $223,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ManTech International Corporation by 43.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock valued at $235,000 after purchasing an additional 2,053 shares in the last quarter. 62.41% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on MANT shares. Jefferies Group LLC reaffirmed a “sell” rating on shares of ManTech International Corporation in a report on Friday, August 18th. Zacks Investment Research downgraded shares of ManTech International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Cowen and Company raised shares of ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Friday, June 2nd. Finally, Noble Financial reaffirmed a “hold” rating on shares of ManTech International Corporation in a report on Thursday, August 3rd. Three 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 stock has a consensus rating of “Hold” and an average target price of $40.67.
In other ManTech International Corporation news, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.52, for a total transaction of $81,040.00. Following the sale, the director now directly owns 21,000 shares in the company, valued at approximately $850,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.28% of the stock is currently owned by insiders.
Shares of ManTech International Corporation (NASDAQ MANT) opened at 40.56 on Thursday. ManTech International Corporation has a 12 month low of $33.50 and a 12 month high of $45.52. The firm has a market capitalization of $1.58 billion, a PE ratio of 26.74 and a beta of 0.94. The stock has a 50 day moving average of $39.59 and a 200-day moving average of $38.08.
ManTech International Corporation (NASDAQ:MANT) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $413.70 million for the quarter, compared to analyst estimates of $418.60 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that ManTech International Corporation will post $1.52 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 2.01%. ManTech International Corporation’s payout ratio is currently 27.63%.
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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