Migdal Insurance & Financial Holdings Ltd. Increases Holdings in ManTech International Corporation (MANT)

Migdal Insurance & Financial Holdings Ltd. raised its position in shares of ManTech International Corporation (NASDAQ:MANT) by 43.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,888 shares of the technology company’s stock after buying an additional 1,181 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in ManTech International Corporation were worth $153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of ManTech International Corporation by 6.8% during the 2nd quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock worth $164,049,000 after purchasing an additional 252,770 shares during the period. Vanguard Group Inc. raised its position in shares of ManTech International Corporation by 9.5% during the 1st quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock worth $93,765,000 after purchasing an additional 234,114 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ManTech International Corporation by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,160,144 shares of the technology company’s stock worth $74,806,000 after purchasing an additional 26,290 shares during the period. Earnest Partners LLC raised its position in shares of ManTech International Corporation by 1.7% during the 2nd quarter. Earnest Partners LLC now owns 1,403,248 shares of the technology company’s stock worth $58,066,000 after purchasing an additional 23,191 shares during the period. Finally, Northern Trust Corp raised its position in shares of ManTech International Corporation by 31.5% during the 2nd quarter. Northern Trust Corp now owns 732,890 shares of the technology company’s stock worth $30,327,000 after purchasing an additional 175,453 shares during the period. Hedge funds and other institutional investors own 61.87% of the company’s stock.

Shares of ManTech International Corporation (NASDAQ:MANT) traded up 1.38% during trading on Thursday, reaching $46.24. The company’s stock had a trading volume of 17,965 shares. The company’s 50-day moving average is $41.92 and its 200-day moving average is $39.19. The company has a market capitalization of $1.80 billion, a P/E ratio of 30.48 and a beta of 0.94. ManTech International Corporation has a 12 month low of $33.50 and a 12 month high of $46.56.

ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $418.60 million. During the same quarter in the previous year, the company posted $0.39 EPS. ManTech International Corporation’s revenue was up 3.1% on a year-over-year basis. On average, analysts forecast that ManTech International Corporation will post $1.52 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.21 dividend. This represents a yield of 2.01%. The ex-dividend date of this dividend was Thursday, September 7th. ManTech International Corporation’s dividend payout ratio (DPR) is presently 27.63%.

In related news, COO Kevin M. Phillips sold 24,020 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $41.03, for a total value of $985,540.60. Following the completion of the transaction, the chief operating officer now owns 47,656 shares in the company, valued at approximately $1,955,325.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary K. Bush sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $40.39, for a total transaction of $100,975.00. Following the completion of the transaction, the director now owns 8,540 shares of the company’s stock, valued at approximately $344,930.60. The disclosure for this sale can be found here. Insiders sold a total of 28,520 shares of company stock valued at $1,167,556 in the last 90 days. 22.28% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut ManTech International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Cowen and Company reissued a “buy” rating and issued a $45.00 price objective on shares of ManTech International Corporation in a report on Monday, August 21st. BidaskClub lowered ManTech International Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Loop Capital raised ManTech International Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $41.00 to $44.00 in a report on Friday, June 30th. Finally, Maxim Group set a $44.00 price objective on ManTech International Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.50.

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2017/10/12/migdal-insurance-financial-holdings-ltd-increases-holdings-in-mantech-international-corporation-mant.html.

About ManTech International Corporation

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.

Want to see what other hedge funds are holding MANT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManTech International Corporation (NASDAQ:MANT).

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

What are top analysts saying about ManTech International Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ManTech International Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit