Thrivent Financial For Lutherans reduced its holdings in shares of Mantech International Corp (NASDAQ:MANT) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,534 shares of the technology company’s stock after selling 9,693 shares during the quarter. Thrivent Financial For Lutherans owned 0.45% of Mantech International worth $8,709,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Mantech International by 10.4% during the third quarter. Wells Fargo & Company MN now owns 143,447 shares of the technology company’s stock worth $6,334,000 after buying an additional 13,522 shares during the period. AXA grew its stake in Mantech International by 11.0% during the third quarter. AXA now owns 124,800 shares of the technology company’s stock worth $5,510,000 after buying an additional 12,326 shares during the period. Bailard Inc. purchased a new stake in Mantech International during the fourth quarter worth approximately $693,000. Ameriprise Financial Inc. grew its stake in Mantech International by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 431,619 shares of the technology company’s stock worth $19,058,000 after buying an additional 3,408 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Mantech International by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock worth $95,354,000 after buying an additional 10,337 shares during the period. Institutional investors own 64.41% of the company’s stock.
Several equities research analysts have issued reports on MANT shares. Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Saturday, February 17th. Credit Suisse Group upped their target price on shares of Mantech International from $44.00 to $47.00 and gave the company an “underperform” rating in a research note on Friday, February 23rd. They noted that the move was a valuation call. Cowen restated an “outperform” rating and issued a $60.00 target price (up from $55.00) on shares of Mantech International in a research note on Thursday, February 22nd. BidaskClub downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Loop Capital upped their target price on shares of Mantech International to $65.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.14.
Shares of Mantech International Corp (NASDAQ MANT) opened at $54.83 on Wednesday. The stock has a market cap of $2,174.86, a price-to-earnings ratio of 34.01, a P/E/G ratio of 3.46 and a beta of 0.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Mantech International Corp has a twelve month low of $33.50 and a twelve month high of $62.24.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. The firm had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $461.91 million. Mantech International had a net margin of 6.65% and a return on equity of 4.96%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. equities analysts predict that Mantech International Corp will post 2.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Mantech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.82%. Mantech International’s dividend payout ratio is currently 17.18%.
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About Mantech International
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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