Macquarie Group Ltd. Has $43,000 Stock Position in Mantech International Corp (NASDAQ:MANT)

Macquarie Group Ltd. lessened its stake in shares of Mantech International Corp (NASDAQ:MANT) by 24.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 654 shares of the technology company’s stock after selling 209 shares during the quarter. Macquarie Group Ltd.’s holdings in Mantech International were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MANT. BlackRock Inc. lifted its stake in shares of Mantech International by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,232,504 shares of the technology company’s stock valued at $278,711,000 after purchasing an additional 105,706 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Mantech International by 0.3% in the 2nd quarter. Earnest Partners LLC now owns 1,436,311 shares of the technology company’s stock valued at $94,581,000 after purchasing an additional 4,231 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Mantech International by 57.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 979,039 shares of the technology company’s stock valued at $63,754,000 after purchasing an additional 357,579 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Mantech International by 6.0% in the 2nd quarter. Northern Trust Corp now owns 787,720 shares of the technology company’s stock valued at $51,871,000 after purchasing an additional 44,358 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Mantech International by 240.1% in the 2nd quarter. Invesco Ltd. now owns 736,476 shares of the technology company’s stock valued at $48,497,000 after purchasing an additional 519,916 shares in the last quarter. Hedge funds and other institutional investors own 65.16% of the company’s stock.

In other Mantech International news, CEO Kevin M. Phillips sold 32,431 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $67.98, for a total value of $2,204,659.38. Following the transaction, the chief executive officer now directly owns 106,063 shares in the company, valued at approximately $7,210,162.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 33.70% of the stock is currently owned by company insiders.

MANT stock traded up $0.14 during trading on Friday, reaching $75.45. 117,700 shares of the company’s stock were exchanged, compared to its average volume of 132,713. The company’s fifty day moving average price is $70.39 and its 200-day moving average price is $66.76. Mantech International Corp has a 1-year low of $48.25 and a 1-year high of $86.28. The firm has a market cap of $3.03 billion, a PE ratio of 36.63, a P/E/G ratio of 3.91 and a beta of 0.89. The company has a quick ratio of 1.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.09.

Mantech International (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.09. The firm had revenue of $579.18 million for the quarter, compared to analyst estimates of $558.39 million. Mantech International had a return on equity of 6.56% and a net margin of 4.42%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. As a group, sell-side analysts expect that Mantech International Corp will post 2.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.27 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. Mantech International’s payout ratio is 52.43%.

Several equities analysts recently commented on the company. Wells Fargo & Co lowered Mantech International from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. Cowen reissued a “buy” rating on shares of Mantech International in a research report on Thursday, October 31st. SunTrust Banks lifted their price objective on Mantech International to $77.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. ValuEngine downgraded Mantech International from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Zacks Investment Research upgraded Mantech International from a “hold” rating to a “strong-buy” rating and set a $91.00 price objective on the stock in a report on Saturday, November 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $75.80.

Mantech International Company Profile

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.

Further Reading: Cost of Debt

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

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