ManTech International Corporation (MANT) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC cut its position in ManTech International Corporation (NASDAQ:MANT) by 55.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,576 shares of the technology company’s stock after selling 277,580 shares during the period. Acadian Asset Management LLC owned 0.86% of ManTech International Corporation worth $9,086,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of ManTech International Corporation by 187,452.0% in the first quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock worth $128,534,000 after buying an additional 3,709,675 shares in the last quarter. Norges Bank purchased a new stake in shares of ManTech International Corporation during the fourth quarter worth approximately $15,962,000. Wellington Management Group LLP bought a new position in shares of ManTech International Corporation during the first quarter worth about $8,213,000. Vanguard Group Inc. boosted its position in shares of ManTech International Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock worth $93,765,000 after buying an additional 234,114 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of ManTech International Corporation by 52.4% in the first quarter. Penserra Capital Management LLC now owns 416,290 shares of the technology company’s stock worth $14,416,000 after buying an additional 143,163 shares during the last quarter. Institutional investors own 61.04% of the company’s stock.

Shares of ManTech International Corporation (NASDAQ:MANT) traded down 0.95% on Friday, reaching $37.69. The company’s stock had a trading volume of 147,019 shares. The firm has a 50 day moving average of $39.90 and a 200 day moving average of $38.03. ManTech International Corporation has a 52-week low of $33.50 and a 52-week high of $45.52. The company has a market cap of $1.47 billion, a PE ratio of 24.85 and a beta of 0.94.

ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The firm had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $418.60 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts predict that ManTech International Corporation will post $1.52 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.21 dividend. This represents a dividend yield of 2.01%. The ex-dividend date is Thursday, September 7th. ManTech International Corporation’s payout ratio is 27.63%.

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MANT has been the subject of a number of recent research reports. Maxim Group reissued a “buy” rating and issued a $44.00 target price on shares of ManTech International Corporation in a report on Wednesday, May 3rd. Zacks Investment Research raised ManTech International Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Credit Suisse Group reissued a “sell” rating and issued a $36.00 target price on shares of ManTech International Corporation in a report on Friday, May 5th. TheStreet raised ManTech International Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, Cowen and Company raised ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.67.

In other ManTech International Corporation news, insider Daniel J. Keefe sold 9,989 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $38.66, for a total value of $386,174.74. Following the transaction, the insider now owns 9,989 shares in the company, valued at $386,174.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Armitage sold 3,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.01, for a total transaction of $120,030.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at approximately $160,040. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock worth $603,431 in the last 90 days. Corporate insiders own 22.28% of the company’s stock.

ManTech International Corporation Company Profile

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

Institutional Ownership by Quarter for ManTech International Corporation (NASDAQ:MANT)

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