Belpointe Asset Management LLC acquired a new position in shares of ManTech International Co. (NASDAQ:MANT – Get Rating) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,958 shares of the technology company’s stock, valued at approximately $255,000.
Other hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its stake in ManTech International by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 10,988 shares of the technology company’s stock valued at $801,000 after buying an additional 163 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of ManTech International by 3.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,276 shares of the technology company’s stock valued at $627,000 after purchasing an additional 259 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of ManTech International by 7.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,798 shares of the technology company’s stock valued at $277,000 after purchasing an additional 277 shares during the period. Profund Advisors LLC increased its holdings in shares of ManTech International by 11.7% in the fourth quarter. Profund Advisors LLC now owns 3,073 shares of the technology company’s stock valued at $224,000 after purchasing an additional 321 shares during the period. Finally, Duality Advisers LP grew its holdings in ManTech International by 2.3% during the fourth quarter. Duality Advisers LP now owns 14,040 shares of the technology company’s stock worth $1,024,000 after acquiring an additional 322 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on MANT shares. William Blair upgraded ManTech International from a “market perform” rating to an “outperform” rating in a research report on Monday, May 16th. Morgan Stanley raised their target price on ManTech International to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 17th. Wells Fargo & Company lifted their price objective on ManTech International from $77.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, March 24th. Truist Financial lifted their price objective on ManTech International from $84.00 to $96.00 in a research note on Tuesday, May 17th. Finally, StockNews.com cut ManTech International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.67.
ManTech International Stock Performance
MANT opened at $95.85 on Thursday. The stock has a market cap of $3.93 billion, a P/E ratio of 28.96, a P/E/G ratio of 11.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $94.64 and its 200 day simple moving average is $85.73. ManTech International Co. has a 1-year low of $66.91 and a 1-year high of $95.98.
ManTech International (NASDAQ:MANT – Get Rating) last posted its earnings results on Wednesday, May 4th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. ManTech International had a return on equity of 9.15% and a net margin of 5.24%. The firm had revenue of $675.50 million for the quarter, compared to analyst estimates of $639.43 million. During the same quarter in the prior year, the company earned $0.88 EPS. ManTech International’s revenue was up 6.7% on a year-over-year basis. As a group, equities analysts anticipate that ManTech International Co. will post 3.52 EPS for the current fiscal year.
ManTech International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, June 9th. ManTech International’s dividend payout ratio (DPR) is currently 49.55%.
ManTech International 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.
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