The Norges Bank Invests $15.962 Million in Mantech International Corp (MANT)

The Norges Bank Invests $15.962 Million in Mantech International Corp (MANT)

Several other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Mantech International Corp by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,650 shares of the technology company’s stock worth $577,000 after buying an additional 860 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Mantech International Corp during the fourth quarter worth about $202,000. New York State Teachers Retirement System boosted its stake in shares of Mantech International Corp by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 73,814 shares of the technology company’s stock worth $3,119,000 after buying an additional 200 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Mantech International Corp during the fourth quarter worth about $862,000. Finally, Allianz Asset Management AG boosted its stake in shares of Mantech International Corp 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 period. 62.93% of the stock is currently owned by hedge funds and other institutional investors.

Norges Bank purchased a new position in Mantech International Corp (NASDAQ:MANT) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 377,795 shares of the technology company’s stock, valued at approximately $15,962,000. Norges Bank owned 0.98% of Mantech International Corp at the end of the most recent reporting period.

Shares of Mantech International Corp (NASDAQ:MANT) traded down 0.26% on Tuesday, reaching $38.67. 115,225 shares of the company’s stock traded hands. The firm has a market cap of $1.50 billion, a P/E ratio of 25.68 and a beta of 1.35. Mantech International Corp has a 12-month low of $32.73 and a 12-month high of $45.52. The stock has a 50-day moving average of $35.74 and a 200 day moving average of $38.96.

Mantech International Corp (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. Mantech International Corp had a net margin of 3.51% and a return on equity of 4.70%. The company had revenue of $418.37 million during the quarter, compared to analyst estimates of $402.15 million. On average, equities research analysts expect that Mantech International Corp will post $1.50 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, June 7th. Mantech International Corp’s dividend payout ratio (DPR) is presently 28.19%.

Mantech International Corp (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. Mantech International Corp had a net margin of 3.51% and a return on equity of 4.70%. The company had revenue of $418.37 million during the quarter, compared to analyst estimates of $402.15 million. On average, equities research analysts expect that Mantech International Corp will post $1.50 earnings per share for the current year. A number of brokerages have recently issued reports on MANT. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $30.00 price objective on shares of Mantech International Corp in a research note on Thursday, February 23rd. Credit Suisse Group AG reissued a “sell” rating and set a $36.00 price target on shares of Mantech International Corp in a research report on Friday, May 5th. TheStreet raised shares of Mantech International Corp from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Mantech International Corp from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Finally, Maxim Group reissued a “buy” rating and set a $44.00 price target on shares of Mantech International Corp in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.00.

In related news, Director Barry G. Campbell sold 18,700 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $38.68, for a total value of $723,316.00. Following the completion of the sale, the director now directly owns 1,300 shares of the company’s stock, valued at $50,284. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider L. William Varner sold 12,500 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $36.18, for a total transaction of $452,250.00. Following the completion of the sale, the insider now directly owns 12,500 shares of the company’s stock, valued at $452,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,200 shares of company stock valued at $1,714,966. 22.28% of the stock is owned by insiders. About Mantech International Corp

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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