Wells Fargo & Company MN lifted its position in shares of Mantech International Corp (NASDAQ:MANT) by 126.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 325,136 shares of the technology company’s stock after acquiring an additional 181,689 shares during the period. Wells Fargo & Company MN owned 0.83% of Mantech International worth $16,318,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in MANT. The Manufacturers Life Insurance Company grew its position in Mantech International by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,891 shares of the technology company’s stock valued at $823,000 after buying an additional 738 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Mantech International by 5.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after buying an additional 239 shares in the last quarter. Nationwide Fund Advisors grew its position in Mantech International by 136.8% in the 3rd quarter. Nationwide Fund Advisors now owns 76,256 shares of the technology company’s stock valued at $3,367,000 after buying an additional 44,056 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Mantech International in the 3rd quarter valued at about $317,000. Finally, Prudential Financial Inc. grew its position in Mantech International by 12.9% in the 3rd quarter. Prudential Financial Inc. now owns 119,084 shares of the technology company’s stock valued at $5,258,000 after buying an additional 13,630 shares in the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.
In other Mantech International news, Director Kenneth A. Minihan sold 6,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.64, for a total value of $351,840.00. Following the completion of the sale, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $410,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Keefe sold 8,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $57.09, for a total transaction of $456,720.00. The disclosure for this sale can be found here. Insiders sold a total of 28,083 shares of company stock valued at $1,613,372 over the last three months. 35.06% of the stock is owned by corporate insiders.
Mantech International (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. Mantech International had a net margin of 6.65% and a return on equity of 4.96%. The company had revenue of $462.30 million during the quarter, compared to the consensus estimate of $461.91 million. During the same period in the prior year, the company earned $0.35 EPS. Mantech International’s revenue was up 17.3% on a year-over-year basis. equities research analysts anticipate that Mantech International Corp will post 2.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. This is an increase from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 8th. Mantech International’s dividend payout ratio is presently 17.18%.
A number of equities analysts recently issued reports on the stock. Loop Capital increased their target price on shares of Mantech International to $57.00 in a research report on Tuesday, December 19th. Zacks Investment Research lowered shares of Mantech International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub lowered shares of Mantech International from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. ValuEngine upgraded shares of Mantech International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Maxim Group increased their target price on shares of Mantech International from $53.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Mantech International presently has an average rating of “Hold” and a consensus target price of $56.14.
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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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