ManTech International Corporation (NASDAQ:MANT) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in ManTech International Corporation (NASDAQ:MANT) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 196,202 shares of the technology company’s stock after buying an additional 8,420 shares during the period. Principal Financial Group Inc. owned about 0.51% of ManTech International Corporation worth $6,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MANT. Norges Bank purchased a new position in ManTech International Corporation during the fourth quarter worth approximately $15,962,000. Penserra Capital Management LLC boosted its position 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 in the last quarter. JPMorgan Chase & Co. boosted its position in ManTech International Corporation by 117.3% in the first quarter. JPMorgan Chase & Co. now owns 236,131 shares of the technology company’s stock worth $8,178,000 after buying an additional 127,455 shares in the last quarter. First Trust Advisors LP boosted its stake in ManTech International Corporation by 131.3% in the first quarter. First Trust Advisors LP now owns 161,424 shares of the technology company’s stock valued at $5,590,000 after buying an additional 91,631 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in ManTech International Corporation by 21.1% in the first quarter. Ameriprise Financial Inc. now owns 376,971 shares of the technology company’s stock valued at $13,055,000 after buying an additional 65,677 shares during the period. 62.89% of the stock is owned by hedge funds and other institutional investors.

Shares of ManTech International Corporation (NASDAQ:MANT) opened at 40.02 on Friday. The stock has a 50 day moving average of $39.09 and a 200 day moving average of $38.37. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $45.52. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 26.57 and a beta of 0.95.

ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. ManTech International Corporation had a net margin of 3.57% and a return on equity of 4.72%. The business had revenue of $418.37 million during the quarter, compared to analyst estimates of $402.15 million. Analysts forecast that ManTech International Corporation will post $1.50 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, June 7th. ManTech International Corporation’s payout ratio is 27.81%.

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Several research firms have issued reports on MANT. Credit Suisse Group reissued a “sell” rating and issued a $36.00 price objective on shares of ManTech International Corporation in a research report on Friday, May 5th. Zacks Investment Research raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, May 17th. Loop Capital raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $44.00 in a research report on Friday, June 30th. TheStreet raised shares of ManTech International Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Cowen and Company raised shares of ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.33.

In other news, insider Daniel J. Keefe sold 2,511 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $38.72, for a total value of $97,225.92. Following the completion of the transaction, the insider now owns 2,511 shares of the company’s stock, valued at $97,225.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barry G. Campbell sold 18,700 shares of ManTech International Corporation stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $38.68, for a total transaction of $723,316.00. Following the completion of the transaction, the director now owns 1,300 shares of the company’s stock, valued at approximately $50,284. The disclosure for this sale can be found here. In the last three months, insiders sold 34,200 shares of company stock valued at $1,326,747. Insiders own 22.28% 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.

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

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