Parametric Portfolio Associates LLC boosted its position in shares of ManTech International Corporation (NASDAQ:MANT) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,707 shares of the technology company’s stock after buying an additional 11,793 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.21% of ManTech International Corporation worth $3,298,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. KCG Holdings Inc. lifted its holdings in ManTech International Corporation by 0.5% during the 1st quarter. KCG Holdings Inc. now owns 12,893 shares of the technology company’s stock worth $446,000 after buying an additional 70 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in ManTech International Corporation by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,202 shares of the technology company’s stock worth $1,126,000 after buying an additional 91 shares in the last quarter. Arizona State Retirement System lifted its holdings in ManTech International Corporation by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,371 shares of the technology company’s stock worth $553,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in ManTech International Corporation by 1.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,950 shares of the technology company’s stock worth $310,000 after buying an additional 160 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in ManTech International Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 18,695 shares of the technology company’s stock worth $774,000 after buying an additional 192 shares in the last quarter. 61.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Kevin M. Phillips sold 24,020 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 47,656 shares of the company’s stock, valued at $1,955,325.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary K. Bush sold 2,500 shares of the business’s stock in a transaction 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 sale, the director now directly owns 8,540 shares in the company, valued at approximately $344,930.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,520 shares of company stock worth $1,167,556. Insiders own 22.28% of the company’s stock.
Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on ManTech International Corporation from $42.00 to $44.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Cowen and Company reaffirmed a “buy” rating and set a $49.00 price objective on shares of ManTech International Corporation in a report on Thursday, October 12th. Zacks Investment Research downgraded ManTech International Corporation from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Friday, September 29th. Finally, Maxim Group reaffirmed a “buy” rating and set a $47.00 price objective (up previously from $44.00) on shares of ManTech International Corporation in a report on Wednesday, September 20th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.71.
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ManTech International Corporation (NASDAQ:MANT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $422.70 million for the quarter, compared to analysts’ expectations of $427.44 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share.
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.
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