Metropolitan Life Insurance Co. NY reduced its stake in ManTech International (NASDAQ:MANT) by 52.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,364 shares of the technology company’s stock after selling 9,294 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in ManTech International were worth $420,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in ManTech International in the 3rd quarter worth approximately $165,000. Barings LLC purchased a new position in ManTech International in the 4th quarter worth approximately $221,000. Paloma Partners Management Co purchased a new position in ManTech International in the 4th quarter worth approximately $274,000. BlueCrest Capital Management Ltd purchased a new position in ManTech International in the 4th quarter worth approximately $275,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in ManTech International in the 4th quarter worth approximately $283,000. 64.42% of the stock is currently owned by institutional investors and hedge funds.
MANT opened at $58.90 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. ManTech International has a 52-week low of $34.31 and a 52-week high of $62.24. The company has a market cap of $2,323.93, a PE ratio of 36.36, a price-to-earnings-growth ratio of 3.69 and a beta of 0.89.
ManTech International (NASDAQ:MANT) last posted its earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. ManTech International had a return on equity of 4.96% and a net margin of 6.65%. The firm had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $461.91 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. equities analysts anticipate that ManTech International will post 2.01 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 8th. This is a positive change from ManTech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. ManTech International’s payout ratio is currently 30.86%.
In related news, insider Daniel J. Keefe sold 4,327 shares of ManTech International stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $57.03, for a total transaction of $246,768.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth A. Minihan sold 6,000 shares of ManTech International stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $58.64, for a total value of $351,840.00. Following the sale, the director now owns 7,000 shares in the company, valued at $410,480. The disclosure for this sale can be found here. Insiders have sold 34,083 shares of company stock worth $1,942,832 over the last 90 days. 22.28% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on MANT. Loop Capital lifted their price target on ManTech International to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut ManTech International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Maxim Group boosted their target price on ManTech International from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. SunTrust Banks boosted their target price on ManTech International to $58.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Finally, BidaskClub raised ManTech International from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.14.
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About ManTech International
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.
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