Dimensional Fund Advisors LP grew its holdings in shares of Mantech International Corp (NASDAQ:MANT) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,159,794 shares of the technology company’s stock after purchasing an additional 10,337 shares during the period. Dimensional Fund Advisors LP owned approximately 5.55% of Mantech International worth $95,354,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MANT. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mantech International by 297.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,458 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Mantech International by 43.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,181 shares during the period. SG Americas Securities LLC acquired a new stake in Mantech International during the 3rd quarter worth about $165,000. GLG Partners LP acquired a new stake in Mantech International during the 2nd quarter worth about $166,000. Finally, Public Employees Retirement System of Ohio grew its position in Mantech International by 5.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after purchasing an additional 239 shares during the period. Institutional investors own 63.24% of the company’s stock.
MANT has been the topic of a number of analyst reports. Loop Capital raised their target price on Mantech International to $57.00 in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, September 22nd. Cowen restated a “buy” rating and set a $54.00 target price on shares of Mantech International in a research report on Thursday, November 30th. Finally, Maxim Group reiterated a “buy” rating and issued a $47.00 price objective (up from $44.00) on shares of Mantech International in a report on Wednesday, September 20th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Mantech International currently has an average rating of “Hold” and an average target price of $47.86.
Mantech International (NASDAQ:MANT) last released its earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $422.70 million for the quarter, compared to analyst estimates of $427.44 million. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. equities research analysts expect that Mantech International Corp will post 1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, December 7th. Mantech International’s payout ratio is presently 27.45%.
In other Mantech International news, insider Daniel J. Keefe sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the sale, the insider now owns 6,500 shares of the company’s stock, valued at $324,025. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total value of $50,450.00. Following the completion of the sale, the director now directly owns 7,540 shares in the company, valued at approximately $380,393. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,500 shares of company stock worth $3,206,080. Corporate insiders own 35.06% of the company’s stock.
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Mantech International 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.
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