Northern Trust Corp increased its position in Mantech International Corp (NASDAQ:MANT) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 741,949 shares of the technology company’s stock after acquiring an additional 355 shares during the period. Northern Trust Corp owned approximately 1.87% of Mantech International worth $38,801,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Mantech International by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 440,765 shares of the technology company’s stock worth $23,643,000 after purchasing an additional 8,128 shares during the period. SG Americas Securities LLC lifted its stake in shares of Mantech International by 44.4% during the 3rd quarter. SG Americas Securities LLC now owns 13,516 shares of the technology company’s stock worth $856,000 after purchasing an additional 4,158 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Mantech International by 215.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 407,897 shares of the technology company’s stock worth $25,820,000 after purchasing an additional 278,769 shares during the period. Swiss National Bank lifted its stake in shares of Mantech International by 2.7% during the 3rd quarter. Swiss National Bank now owns 45,987 shares of the technology company’s stock worth $2,911,000 after purchasing an additional 1,200 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Mantech International by 4.1% during the 3rd quarter. BlackRock Inc. now owns 3,770,473 shares of the technology company’s stock worth $238,671,000 after purchasing an additional 149,461 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.
MANT has been the topic of a number of recent analyst reports. Drexel Hamilton reissued a “hold” rating on shares of Mantech International in a research note on Wednesday, December 19th. Zacks Investment Research lowered Mantech International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. BidaskClub downgraded Mantech International from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. ValuEngine downgraded Mantech International from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Cowen restated a “buy” rating and set a $65.00 target price on shares of Mantech International in a research note on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $65.29.
Mantech International (NASDAQ:MANT) last issued its earnings results on Wednesday, February 20th. The technology company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Mantech International had a net margin of 4.19% and a return on equity of 5.95%. The company had revenue of $497.10 million during the quarter, compared to analyst estimates of $493.45 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Analysts expect that Mantech International Corp will post 2.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.27 dividend. This is an increase from Mantech International’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, March 7th. Mantech International’s payout ratio is presently 52.43%.
In other Mantech International news, insider Judith L. Bjornaas sold 3,670 shares of Mantech International stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $53.84, for a total value of $197,592.80. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $538,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 34.10% of the company’s stock.
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Mantech International 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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