TIAA CREF Investment Management LLC decreased its stake in ManTech International Corporation (NASDAQ:MANT) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,776 shares of the technology company’s stock after selling 4,794 shares during the period. TIAA CREF Investment Management LLC owned 0.17% of ManTech International Corporation worth $2,312,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Mason Street Advisors LLC raised its stake in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock valued at $207,000 after buying an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ManTech International Corporation by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock valued at $235,000 after buying an additional 2,053 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of ManTech International Corporation by 3.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,825 shares of the technology company’s stock valued at $236,000 after buying an additional 200 shares in the last quarter. TFS Capital LLC bought a new stake in shares of ManTech International Corporation during the first quarter valued at approximately $281,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of ManTech International Corporation by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,950 shares of the technology company’s stock valued at $310,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.
ManTech International Corporation (MANT) opened at 39.90 on Friday. The firm has a 50-day moving average of $39.76 and a 200-day moving average of $38.01. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $45.52. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.13 and a beta of 0.94.
ManTech International Corporation (NASDAQ:MANT) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The company had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $418.60 million. ManTech International Corporation had a net margin of 3.57% and a return on equity of 4.72%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. On average, analysts expect that ManTech International Corporation will post $1.51 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, September 7th. ManTech International Corporation’s dividend payout ratio (DPR) is 27.81%.
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Several brokerages recently commented on MANT. Zacks Investment Research lowered shares of ManTech International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Loop Capital upgraded shares of ManTech International Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $41.00 to $44.00 in a research note on Friday, June 30th. Maxim Group set a $44.00 price target on shares of ManTech International Corporation and gave the stock a “buy” rating in a research note on Thursday. Noble Financial reiterated a “hold” rating on shares of ManTech International Corporation in a research note on Thursday. Finally, TheStreet upgraded shares of ManTech International Corporation from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.33.
In other ManTech International Corporation news, Director Barry G. Campbell sold 18,700 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.68, for a total transaction of $723,316.00. Following the sale, the director now directly owns 1,300 shares of the company’s stock, valued at $50,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Keefe sold 9,989 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $38.66, for a total transaction of $386,174.74. Following the sale, the insider now directly owns 9,989 shares in the company, valued at $386,174.74. The disclosure for this sale can be found here. Insiders have sold 34,200 shares of company stock worth $1,326,747 over the last three months. 22.28% of the stock is owned by corporate insiders.
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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