Comerica Bank lifted its stake in ManTech International Co. (NASDAQ:MANT – Get Rating) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,062 shares of the technology company’s stock after purchasing an additional 1,396 shares during the quarter. Comerica Bank owned about 0.07% of ManTech International worth $2,292,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new stake in shares of ManTech International during the 4th quarter worth approximately $51,000. Spire Wealth Management lifted its stake in shares of ManTech International by 17.3% during the 1st quarter. Spire Wealth Management now owns 2,228 shares of the technology company’s stock worth $192,000 after acquiring an additional 328 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of ManTech International by 11.7% during the 4th quarter. Profund Advisors LLC now owns 3,073 shares of the technology company’s stock worth $224,000 after acquiring an additional 321 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of ManTech International during the 1st quarter worth approximately $233,000. Finally, Inspire Investing LLC bought a new stake in shares of ManTech International during the 1st quarter worth approximately $235,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MANT. Truist Financial raised their price target on ManTech International from $84.00 to $96.00 in a research note on Tuesday, May 17th. StockNews.com lowered ManTech International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. William Blair raised ManTech International from a “market perform” rating to an “outperform” rating in a research report on Monday, May 16th. Finally, Morgan Stanley lifted their target price on ManTech International to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, ManTech International has a consensus rating of “Hold” and an average target price of $86.67.
ManTech International Trading Down 0.1 %
MANT opened at $95.74 on Friday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 11.07 and a beta of 0.70. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18. ManTech International Co. has a 12 month low of $66.91 and a 12 month high of $95.98. The stock has a fifty day moving average price of $95.20 and a 200-day moving average price of $86.11.
ManTech International (NASDAQ:MANT – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.83 by $0.06. The firm had revenue of $675.50 million during the quarter, compared to analyst estimates of $639.43 million. ManTech International had a return on equity of 9.15% and a net margin of 5.24%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. As a group, equities research analysts anticipate that ManTech International Co. will post 3.52 earnings per share for the current fiscal year.
ManTech International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, June 9th. ManTech International’s payout ratio is 49.55%.
ManTech International Profile
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ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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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