Invictus RG purchased a new stake in shares of Mantech International Corp (NASDAQ:MANT) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 4,605 shares of the technology company’s stock, valued at approximately $291,000.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Mantech International by 4.1% during the 3rd quarter. BlackRock Inc. now owns 3,770,473 shares of the technology company’s stock worth $238,671,000 after buying an additional 149,461 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Mantech International by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,214,312 shares of the technology company’s stock worth $140,165,000 after buying an additional 11,980 shares during the last quarter. Earnest Partners LLC grew its stake in Mantech International by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 1,439,787 shares of the technology company’s stock worth $77,230,000 after buying an additional 5,198 shares during the last quarter. Northern Trust Corp grew its stake in Mantech International by 0.5% during the 2nd quarter. Northern Trust Corp now owns 778,093 shares of the technology company’s stock worth $41,738,000 after buying an additional 3,628 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in Mantech International by 9.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 536,671 shares of the technology company’s stock worth $28,787,000 after buying an additional 46,966 shares during the last quarter. 63.61% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on MANT shares. BidaskClub downgraded Mantech International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Loop Capital upped their price objective on Mantech International to $80.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Cowen restated a “buy” rating and set a $65.00 price objective on shares of Mantech International in a research note on Monday, November 5th. Finally, Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.63.

NASDAQ:MANT opened at $53.67 on Friday. Mantech International Corp has a 1 year low of $46.00 and a 1 year high of $68.11. The firm has a market capitalization of $2.13 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97.

Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Mantech International had a return on equity of 5.84% and a net margin of 6.77%. The company had revenue of $497.20 million during the quarter, compared to analysts’ expectations of $487.86 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts expect that Mantech International Corp will post 2.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. Mantech International’s payout ratio is 61.73%.

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Mantech International Company Profile

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.

Further Reading: How to use beta for portfolio diversification

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Institutional Ownership by Quarter for Mantech International (NASDAQ:MANT)

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