Oregon Public Employees Retirement Fund cut its stake in shares of ManTech International Co. (NASDAQ:MANT – Get Rating) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,359 shares of the technology company’s stock after selling 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ManTech International were worth $893,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in MANT. First Trust Advisors LP boosted its position in ManTech International by 20.6% during the fourth quarter. First Trust Advisors LP now owns 729,794 shares of the technology company’s stock worth $53,224,000 after purchasing an additional 124,797 shares during the period. Pacer Advisors Inc. bought a new position in shares of ManTech International in the fourth quarter valued at approximately $6,732,000. Allspring Global Investments Holdings LLC purchased a new stake in ManTech International in the fourth quarter valued at approximately $5,327,000. Davy Global Fund Management Ltd purchased a new stake in ManTech International in the fourth quarter valued at approximately $3,591,000. Finally, AlphaCrest Capital Management LLC raised its stake in ManTech International by 309.3% in the fourth quarter. AlphaCrest Capital Management LLC now owns 59,526 shares of the technology company’s stock valued at $4,341,000 after purchasing an additional 44,981 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.
A number of brokerages recently weighed in on MANT. Stifel Nicolaus assumed coverage on shares of ManTech International in a research note on Thursday, March 17th. They issued a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of ManTech International to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 17th. William Blair upgraded shares of ManTech International from a “market perform” rating to an “outperform” rating in a report on Monday, May 16th. Truist Financial boosted their price objective on shares of ManTech International from $84.00 to $96.00 in a research report on Tuesday, May 17th. Finally, Wells Fargo & Company increased their target price on shares of ManTech International from $77.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, ManTech International currently has a consensus rating of “Hold” and an average price target of $86.67.
MANT stock opened at $95.56 on Thursday. The firm has a 50 day moving average price of $93.29 and a 200-day moving average price of $84.95. ManTech International Co. has a 52-week low of $66.91 and a 52-week high of $95.98. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 11.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 1.66.
ManTech International (NASDAQ:MANT – Get Rating) last released its earnings results on Wednesday, May 4th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. ManTech International had a net margin of 5.24% and a return on equity of 9.15%. The firm had revenue of $675.50 million during the quarter, compared to analyst estimates of $639.43 million. During the same period last year, the business earned $0.88 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts forecast that ManTech International Co. will post 3.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, June 9th. ManTech International’s dividend payout ratio (DPR) is currently 49.55%.
About ManTech International (Get Rating)
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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