Vanguard Group Inc. Grows Position in Mantech International Corp (NASDAQ:MANT)

Vanguard Group Inc. raised its position in shares of Mantech International Corp (NASDAQ:MANT) by 0.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,191,465 shares of the technology company’s stock after buying an additional 1,286 shares during the quarter. Vanguard Group Inc. owned about 7.98% of Mantech International worth $210,157,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Mantech International by 57.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 979,039 shares of the technology company’s stock worth $63,754,000 after buying an additional 357,579 shares during the period. BlackRock Inc. boosted its position in Mantech International by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,232,504 shares of the technology company’s stock worth $278,711,000 after purchasing an additional 105,706 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Mantech International by 9.4% in the 1st quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock worth $40,605,000 after purchasing an additional 64,530 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Mantech International by 13.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 499,533 shares of the technology company’s stock worth $32,895,000 after purchasing an additional 57,510 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Mantech International by 6.0% in the 2nd quarter. Northern Trust Corp now owns 787,720 shares of the technology company’s stock worth $51,871,000 after purchasing an additional 44,358 shares in the last quarter. 65.48% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Mantech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Wells Fargo & Co downgraded Mantech International from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. BidaskClub raised Mantech International from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Morgan Stanley set a $66.00 target price on Mantech International and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, ValuEngine downgraded Mantech International from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $73.00.

In other Mantech International news, CEO Kevin M. Phillips sold 32,431 shares of Mantech International stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $67.98, for a total value of $2,204,659.38. Following the completion of the transaction, the chief executive officer now directly owns 106,063 shares of the company’s stock, valued at approximately $7,210,162.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Wagner sold 8,600 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $70.23, for a total value of $603,978.00. Following the sale, the insider now owns 7,635 shares of the company’s stock, valued at approximately $536,206.05. The disclosure for this sale can be found here. Insiders own 33.70% of the company’s stock.

Shares of NASDAQ:MANT opened at $67.85 on Friday. The business has a 50-day moving average price of $69.17 and a 200 day moving average price of $63.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.72 and a beta of 0.88. Mantech International Corp has a 12-month low of $48.25 and a 12-month high of $72.25.

Mantech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $537.00 million during the quarter, compared to the consensus estimate of $551.29 million. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. As a group, equities research analysts predict that Mantech International Corp will post 2.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, September 12th. Mantech International’s dividend payout ratio is currently 52.43%.

About Mantech International

ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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.

See Also: Quiet Period

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

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