CIBC Asset Management Inc bought a new stake in ManTech International (NASDAQ:MANT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,724 shares of the technology company’s stock, valued at approximately $207,000.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in ManTech International by 2.2% during the 4th quarter. BlackRock Inc. now owns 4,317,246 shares of the technology company’s stock worth $216,683,000 after acquiring an additional 94,199 shares in the last quarter. Earnest Partners LLC raised its position in ManTech International by 0.7% in the 4th quarter. Earnest Partners LLC now owns 1,414,501 shares of the technology company’s stock valued at $70,994,000 after purchasing an additional 9,782 shares in the last quarter. Victory Capital Management Inc. raised its position in ManTech International by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,185,671 shares of the technology company’s stock valued at $59,509,000 after purchasing an additional 4,640 shares in the last quarter. Bank of New York Mellon Corp raised its position in ManTech International by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 424,468 shares of the technology company’s stock valued at $21,304,000 after purchasing an additional 7,968 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of ManTech International by 126.7% in the 4th quarter. Wells Fargo & Company MN now owns 325,136 shares of the technology company’s stock valued at $16,318,000 after acquiring an additional 181,689 shares during the last quarter. 64.18% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Daniel J. Keefe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $54.91, for a total value of $329,460.00. Following the transaction, the insider now owns 6,000 shares in the company, valued at $329,460. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Judith L. Bjornaas sold 9,756 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $57.20, for a total value of $558,043.20. Following the completion of the transaction, the chief financial officer now owns 15,756 shares in the company, valued at approximately $901,243.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,083 shares of company stock worth $1,942,832. 34.10% of the stock is currently owned by insiders.
A number of research firms recently issued reports on MANT. BidaskClub upgraded ManTech International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 19th. Zacks Investment Research downgraded ManTech International from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. Credit Suisse Group lifted their target price on 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. Loop Capital lifted their target price on ManTech International to $65.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, ValuEngine raised ManTech International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $56.29.
ManTech International stock opened at $52.89 on Wednesday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 3.27 and a beta of 0.88. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. ManTech International has a fifty-two week low of $37.02 and a fifty-two week high of $62.24.
ManTech International (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. ManTech International had a return on equity of 5.24% and a net margin of 6.73%. The business had revenue of $473.20 million during the quarter, compared to the consensus estimate of $469.13 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. research analysts anticipate that ManTech International will post 2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 7th. ManTech International’s dividend payout ratio is presently 30.86%.
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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