Massachusetts Financial Services Co. MA Buys 237,373 Shares of Mantech International Corp (NASDAQ:MANT)

Massachusetts Financial Services Co. MA increased its stake in shares of Mantech International Corp (NASDAQ:MANT) by 77.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 543,956 shares of the technology company’s stock after buying an additional 237,373 shares during the period. Massachusetts Financial Services Co. MA owned 1.38% of Mantech International worth $29,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC increased its stake in Mantech International by 1,393.4% during the 1st quarter. Millennium Management LLC now owns 321,164 shares of the technology company’s stock worth $17,815,000 after purchasing an additional 299,659 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Mantech International by 68.1% in the 1st quarter. Franklin Resources Inc. now owns 451,830 shares of the technology company’s stock valued at $25,063,000 after buying an additional 183,068 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Mantech International by 221.6% in the 1st quarter. Legal & General Group Plc now owns 170,786 shares of the technology company’s stock valued at $9,449,000 after buying an additional 117,679 shares during the last quarter. UBS Group AG lifted its holdings in Mantech International by 89.6% during the 1st quarter. UBS Group AG now owns 171,331 shares of the technology company’s stock valued at $9,503,000 after purchasing an additional 80,985 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Mantech International during the 1st quarter valued at $4,105,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

Several equities research analysts have issued reports on the company. BidaskClub raised Mantech International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Stifel Nicolaus reiterated a “hold” rating and set a $65.00 price objective on shares of Mantech International in a research report on Thursday, August 2nd. Cowen reiterated a “buy” rating and set a $65.00 price objective on shares of Mantech International in a research report on Thursday, August 2nd. Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Thursday, June 21st. Finally, Credit Suisse Group raised their price target on Mantech International from $47.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $63.25.

In other news, CEO Kevin M. Phillips sold 63,645 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $65.36, for a total transaction of $4,159,837.20. Following the completion of the sale, the chief executive officer now owns 84,046 shares in the company, valued at $5,493,246.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Judith L. Bjornaas sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $65.87, for a total value of $329,350.00. Following the sale, the insider now owns 11,000 shares of the company’s stock, valued at approximately $724,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,835 shares of company stock worth $5,018,530. 22.28% of the stock is owned by insiders.

Shares of MANT stock traded up $0.85 during mid-day trading on Friday, reaching $66.32. 144,700 shares of the stock traded hands, compared to its average volume of 206,061. Mantech International Corp has a 1-year low of $38.37 and a 1-year high of $66.91. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 3.97 and a beta of 0.82. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.02.

Mantech International (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The firm had revenue of $491.00 million for the quarter, compared to analyst estimates of $476.98 million. Mantech International had a return on equity of 5.46% and a net margin of 6.68%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. sell-side analysts predict that Mantech International Corp will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 6th. Mantech International’s dividend payout ratio is currently 61.73%.

Mantech International Company Profile

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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Institutional Ownership by Quarter for Mantech International (NASDAQ:MANT)

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