The Sit Investment Associates Inc. Sold shares of ManTech International Corp. (MANT)

The Sit Investment Associates Inc. Sold shares of ManTech International Corp. (MANT)

Sit Investment Associates Inc. decreased its position in ManTech International Corp. (NASDAQ:MANT) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,050 shares of the company’s stock after selling 4,800 shares during the period. Sit Investment Associates Inc.’s holdings in ManTech International Corp. were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in shares of ManTech International Corp. by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $412,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System increased its position in shares of ManTech International Corp. by 2.1% in the second quarter. New York State Teachers Retirement System now owns 73,714 shares of the company’s stock worth $2,788,000 after buying an additional 1,500 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of ManTech International Corp. by 90.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 219,298 shares of the company’s stock worth $8,293,000 after buying an additional 104,256 shares during the period. Acadian Asset Management LLC increased its position in shares of ManTech International Corp. by 24.8% in the second quarter. Acadian Asset Management LLC now owns 962,448 shares of the company’s stock worth $36,399,000 after buying an additional 191,010 shares during the period. Finally, Alpha Windward LLC purchased a new position in shares of ManTech International Corp. during the second quarter worth about $447,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of ManTech International Corp. (NASDAQ:MANT) traded up 0.13% on Thursday, reaching $39.56. 57,215 shares of the company’s stock were exchanged. The firm has a market cap of $1.51 billion, a PE ratio of 27.23 and a beta of 1.38. The company has a 50 day moving average price of $39.71 and a 200 day moving average price of $36.94. ManTech International Corp. has a one year low of $25.54 and a one year high of $41.69.

ManTech International Corp. (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business earned $401.35 million during the quarter, compared to the consensus estimate of $402.12 million. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Analysts expect that ManTech International Corp. will post $1.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.13%. ManTech International Corp.’s dividend payout ratio is currently 28.77%.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of ManTech International Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Jefferies Group restated a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a research note on Thursday, July 28th. Credit Suisse Group AG lowered shares of ManTech International Corp. from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $37.00 to $36.00 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Finally, Wells Fargo & Co. lowered shares of ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 30th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. ManTech International Corp. has an average rating of “Hold” and a consensus price target of $36.25.

In related news, SVP Judith L. Bjornaas sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $40.60, for a total value of $349,160.00. Following the transaction, the senior vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $284,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the transaction, the insider now directly owns 31,605 shares in the company, valued at $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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