Trading Report: The ManTech International Corp. (MANT) Position Boosted by New York State Teachers Retirement System

The ManTech International Corp. (MANT) Position Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in ManTech International Corp. (NASDAQ:MANT) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 73,714 shares of the company’s stock after buying an additional 1,500 shares during the period. New York State Teachers Retirement System’s holdings in ManTech International Corp. were worth $2,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MANT. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of ManTech International Corp. by 1.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,780 shares of the company’s stock valued at $281,000 after buying an additional 125 shares during the last quarter. Aperio Group LLC boosted its position in shares of ManTech International Corp. by 4.5% in the first quarter. Aperio Group LLC now owns 9,478 shares of the company’s stock valued at $303,000 after buying an additional 407 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of ManTech International Corp. by 63.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,578 shares of the company’s stock valued at $400,000 after buying an additional 4,114 shares during the last quarter. Alpha Windward LLC purchased a new position in shares of ManTech International Corp. during the second quarter valued at about $447,000. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of ManTech International Corp. by 19.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 18,325 shares of the company’s stock valued at $693,000 after buying an additional 3,000 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of ManTech International Corp. (NASDAQ:MANT) traded down 0.66% during trading on Thursday, reaching $39.25. The company had a trading volume of 136,032 shares. The firm’s 50 day moving average price is $39.71 and its 200 day moving average price is $36.94. The firm has a market capitalization of $1.50 billion, a P/E ratio of 27.01 and a beta of 1.38. ManTech International Corp. has a 12 month low of $25.54 and a 12 month high of $41.69.

ManTech International Corp. (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $401.35 million for the quarter, compared to analysts’ expectations of $402.12 million. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities analysts predict that ManTech International Corp. will post $1.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, September 7th. ManTech International Corp.’s payout ratio is 28.77%.

Several brokerages have issued reports on MANT. Zacks Investment Research cut ManTech International Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG cut ManTech International Corp. from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $37.00 to $36.00 in a research report on Thursday, September 29th. They noted that the move was a valuation call. Jefferies Group reissued a “sell” rating and issued a $26.00 target price on shares of ManTech International Corp. in a research report on Thursday, July 28th. Finally, Wells Fargo & Co. cut ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.25.

In other ManTech International Corp. news, insider Daniel J. Keefe sold 37,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $39.36, for a total transaction of $1,476,000.00. Following the transaction, the insider now owns 12,500 shares in the company, valued at approximately $492,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin M. Phillips sold 13,949 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $41.14, for a total value of $573,861.86. Following the transaction, the insider now owns 31,605 shares in the company, valued at approximately $1,300,229.70. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.

ManTech International Corp. Company Profile

ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers.

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