Capital Investment Counsel Inc Acquires New Position in ManTech International Corporation (MANT)

Capital Investment Counsel Inc acquired a new stake in ManTech International Corporation (NASDAQ:MANT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,500 shares of the technology company’s stock, valued at approximately $468,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management AG raised its stake in ManTech International Corporation by 20.5% in the fourth quarter. Allianz Asset Management AG now owns 60,963 shares of the technology company’s stock worth $2,575,000 after buying an additional 10,360 shares during the last quarter. Norges Bank purchased a new stake in ManTech International Corporation during the fourth quarter worth $15,962,000. Sit Investment Associates Inc. raised its stake in ManTech International Corporation by 561.3% in the first quarter. Sit Investment Associates Inc. now owns 10,250 shares of the technology company’s stock worth $355,000 after buying an additional 8,700 shares during the last quarter. Penserra Capital Management LLC raised its stake in 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. Finally, Renaissance Technologies LLC purchased a new stake in ManTech International Corporation during the fourth quarter worth $862,000. 62.89% of the stock is owned by institutional investors and hedge funds.

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

Shares of ManTech International Corporation (NASDAQ MANT) traded down 0.15% during mid-day trading on Tuesday, reaching $38.86. 99,851 shares of the company traded hands. The stock has a market capitalization of $1.51 billion, a PE ratio of 25.80 and a beta of 0.99. ManTech International Corporation has a 52-week low of $33.50 and a 52-week high of $45.52. The stock’s 50 day moving average is $38.88 and its 200 day moving average is $38.57.

ManTech International Corporation (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. ManTech International Corporation had a return on equity of 4.72% and a net margin of 3.57%. The company had revenue of $418.37 million for the quarter, compared to analysts’ expectations of $402.15 million. On average, analysts anticipate that ManTech International Corporation will post $1.50 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, June 7th. ManTech International Corporation’s dividend payout ratio is presently 27.81%.

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MANT has been the topic of a number of research analyst reports. Maxim Group reiterated a “buy” rating and set a $44.00 price objective on shares of ManTech International Corporation in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. Credit Suisse Group reiterated a “sell” rating and set a $36.00 price objective on shares of ManTech International Corporation in a research note on Friday, May 5th. Wells Fargo & Co upgraded shares of ManTech International Corporation from an “underperform” rating to a “market perform” rating in a research note on Thursday, March 23rd. Finally, TheStreet upgraded shares of ManTech International Corporation from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. ManTech International Corporation presently has an average rating of “Hold” and an average price target of $40.00.

In other ManTech International Corporation news, insider Daniel J. Keefe sold 9,989 shares of ManTech International Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $38.66, for a total value of $386,174.74. Following the completion of the sale, the insider now directly owns 9,989 shares in the company, valued at $386,174.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard L. Armitage sold 3,000 shares of ManTech International Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.01, for a total value of $120,030.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at $160,040. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,200 shares of company stock worth $1,326,747. Company insiders own 35.06% of the company’s stock.

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.

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