California Public Employees Retirement System reduced its stake in shares of ManTech International Corporation (NASDAQ:MANT) by 51.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,700 shares of the technology company’s stock after selling 17,500 shares during the period. California Public Employees Retirement System’s holdings in ManTech International Corporation were worth $578,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of MANT. Sit Investment Associates Inc. raised its stake in shares of ManTech International Corporation by 561.3% in the first quarter. Sit Investment Associates Inc. now owns 10,250 shares of the technology company’s stock valued at $355,000 after buying an additional 8,700 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of ManTech International Corporation by 52.4% in the first quarter. Penserra Capital Management LLC now owns 416,290 shares of the technology company’s stock valued at $14,416,000 after buying an additional 143,163 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of ManTech International Corporation during the first quarter valued at approximately $8,213,000. OppenheimerFunds Inc. raised its stake in shares of ManTech International Corporation by 38.3% in the first quarter. OppenheimerFunds Inc. now owns 33,227 shares of the technology company’s stock valued at $1,150,000 after buying an additional 9,209 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of ManTech International Corporation during the fourth quarter valued at approximately $862,000. 61.04% of the stock is currently owned by institutional investors.
Shares of ManTech International Corporation (NASDAQ:MANT) traded up 0.50% during mid-day trading on Monday, hitting $37.88. The stock had a trading volume of 18,570 shares. The stock has a 50 day moving average price of $39.90 and a 200-day moving average price of $38.03. The company has a market cap of $1.47 billion, a PE ratio of 24.97 and a beta of 0.94. ManTech International Corporation has a 52-week low of $33.50 and a 52-week high of $45.52.
ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $413.70 million for the quarter, compared to analysts’ expectations 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 was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities analysts expect that ManTech International Corporation will post $1.52 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.21 dividend. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 7th. ManTech International Corporation’s dividend payout ratio is currently 27.63%.
TRADEMARK VIOLATION NOTICE: “ManTech International Corporation (MANT) Shares Sold by California Public Employees Retirement System” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://stocknewstimes.com/2017/08/21/mantech-international-corporation-mant-shares-sold-by-california-public-employees-retirement-system.html.
Several analysts have commented on MANT shares. BidaskClub lowered ManTech International Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Maxim Group reissued a “buy” rating and issued a $44.00 price objective on shares of ManTech International Corporation in a report on Wednesday, May 3rd. Credit Suisse Group reissued a “sell” rating and issued a $36.00 price objective on shares of ManTech International Corporation in a report on Monday, May 15th. Cowen and Company reissued a “hold” rating and issued a $38.00 price objective on shares of ManTech International Corporation in a report on Tuesday, May 2nd. Finally, Zacks Investment Research raised ManTech International Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.67.
In other ManTech International Corporation news, 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 owns 9,989 shares in the company, valued at approximately $386,174.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard L. Armitage sold 3,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.01, for a total value of $120,030.00. Following the sale, the director now owns 4,000 shares in the company, valued at approximately $160,040. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,500 shares of company stock worth $603,431. Insiders own 35.06% of the company’s stock.
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.
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.
