Comerica Bank decreased its holdings in shares of ManTech International Corporation (NASDAQ:MANT) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,748 shares of the technology company’s stock after selling 1,507 shares during the period. Comerica Bank owned approximately 0.07% of ManTech International Corporation worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in ManTech International Corporation by 187,452.0% during the first quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock valued at $128,534,000 after buying an additional 3,709,675 shares in the last quarter. Vanguard Group Inc. lifted its stake in ManTech International Corporation by 9.5% during the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after buying an additional 234,114 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in ManTech International Corporation by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,160,144 shares of the technology company’s stock valued at $74,806,000 after buying an additional 26,290 shares in the last quarter. Victory Capital Management Inc. lifted its stake in ManTech International Corporation by 1.5% during the first quarter. Victory Capital Management Inc. now owns 1,058,628 shares of the technology company’s stock valued at $36,660,000 after buying an additional 15,201 shares in the last quarter. Finally, State Street Corp lifted its stake in ManTech International Corporation by 5.7% during the first quarter. State Street Corp now owns 639,108 shares of the technology company’s stock valued at $22,130,000 after buying an additional 34,486 shares in the last quarter. Institutional investors own 61.87% of the company’s stock.

In related news, Director Mary K. Bush sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $40.39, for a total value of $100,975.00. Following the completion of the transaction, the director now directly owns 8,540 shares in the company, valued at approximately $344,930.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.52, for a total value of $81,040.00. Following the completion of the transaction, the director now owns 21,000 shares of the company’s stock, valued at $850,920. The disclosure for this sale can be found here. 35.06% of the stock is currently owned by insiders.

Shares of ManTech International Corporation (NASDAQ MANT) opened at 40.64 on Tuesday. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $45.52. The firm’s 50-day moving average is $39.73 and its 200-day moving average is $38.19. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 26.79 and a beta of 0.94.

ManTech International Corporation (NASDAQ:MANT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $413.70 million during the quarter, compared to analyst estimates of $418.60 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. On average, analysts predict that ManTech International Corporation will post $1.52 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 2.01%. ManTech International Corporation’s payout ratio is currently 27.63%.

MANT has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “sell” rating on shares of ManTech International Corporation in a research note on Friday, August 18th. Zacks Investment Research lowered shares of ManTech International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub raised shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, 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 for the company in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.67.

WARNING: “Comerica Bank Trims Stake in ManTech International Corporation (MANT)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/19/comerica-bank-trims-stake-in-mantech-international-corporation-mant.html.

ManTech International Corporation Company Profile

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.

Institutional Ownership by Quarter for ManTech International Corporation (NASDAQ:MANT)

Receive News & Ratings for ManTech International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManTech International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.