Dimensional Fund Advisors LP lifted its stake in Mantech International Corp (NASDAQ:MANT) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,214,312 shares of the technology company’s stock after purchasing an additional 11,980 shares during the period. Dimensional Fund Advisors LP owned 5.57% of Mantech International worth $140,165,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MANT. New York State Teachers Retirement System lifted its holdings in Mantech International by 1.3% during the second quarter. New York State Teachers Retirement System now owns 72,380 shares of the technology company’s stock worth $3,882,000 after acquiring an additional 909 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in Mantech International by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 13,515 shares of the technology company’s stock worth $725,000 after acquiring an additional 998 shares in the last quarter. Swiss National Bank lifted its holdings in Mantech International by 2.7% during the third quarter. Swiss National Bank now owns 45,987 shares of the technology company’s stock worth $2,911,000 after acquiring an additional 1,200 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Mantech International by 4.4% during the third quarter. Hillsdale Investment Management Inc. now owns 28,530 shares of the technology company’s stock worth $1,806,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Mantech International by 2.0% during the second quarter. Rhumbline Advisers now owns 64,858 shares of the technology company’s stock worth $3,479,000 after acquiring an additional 1,261 shares in the last quarter. Institutional investors and hedge funds own 63.61% of the company’s stock.
MANT opened at $53.90 on Wednesday. Mantech International Corp has a 1 year low of $46.00 and a 1 year high of $68.11. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 3.42 and a beta of 0.97.
Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Mantech International had a return on equity of 5.84% and a net margin of 6.77%. The firm had revenue of $497.20 million for the quarter, compared to the consensus estimate of $487.86 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts forecast that Mantech International Corp will post 2.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 6th. Mantech International’s dividend payout ratio is 61.73%.
Several research analysts have weighed in on MANT shares. BidaskClub lowered Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Loop Capital lifted their target price on Mantech International to $80.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Cowen reiterated a “buy” rating and set a $65.00 target price on shares of Mantech International in a report on Monday, November 5th. Finally, Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.63.
In other Mantech International news, insider Judith L. Bjornaas sold 10,000 shares of Mantech International stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $66.98, for a total value of $669,800.00. Following the sale, the insider now owns 16,000 shares of the company’s stock, valued at approximately $1,071,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.10% of the company’s stock.
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Mantech International Company Profile
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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