Chevy Chase Trust Holdings Inc. Has $882,000 Position in ManTech International Corporation (NASDAQ:MANT)

Chevy Chase Trust Holdings Inc. boosted its stake in shares of ManTech International Corporation (NASDAQ:MANT) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,325 shares of the technology company’s stock after buying an additional 3,000 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.05% of ManTech International Corporation worth $882,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its position 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 in the last quarter. Wedge Capital Management L L P NC raised its position in ManTech International Corporation by 7.7% in the first quarter. Wedge Capital Management L L P NC now owns 15,860 shares of the technology company’s stock valued at $549,000 after buying an additional 1,134 shares in the last quarter. Great West Life Assurance Co. Can raised its position in ManTech International Corporation by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 36,320 shares of the technology company’s stock valued at $1,257,000 after buying an additional 1,547 shares in the last quarter. Wells Fargo & Company MN raised its position in ManTech International Corporation by 2.0% in the first quarter. Wells Fargo & Company MN now owns 126,327 shares of the technology company’s stock valued at $4,375,000 after buying an additional 2,537 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position 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 valued at $355,000 after buying an additional 8,700 shares in the last quarter. 61.04% of the stock is currently owned by hedge funds and other institutional investors.

ManTech International Corporation (NASDAQ:MANT) traded down 0.95% during midday trading on Friday, reaching $37.69. 147,019 shares of the company traded hands. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 24.85 and a beta of 0.94. ManTech International Corporation has a one year low of $33.50 and a one year high of $45.52. The stock’s 50 day moving average is $39.90 and its 200 day moving average is $38.03.

ManTech International Corporation (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The business had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $418.60 million. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that ManTech International Corporation will post $1.52 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.21 per share. This represents a yield of 2.01%. The ex-dividend date is Thursday, September 7th. ManTech International Corporation’s payout ratio is currently 27.63%.

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Several equities analysts have commented on the stock. Zacks Investment Research raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Saturday, August 5th. Noble Financial restated a “hold” rating on shares of ManTech International Corporation in a research note on Thursday, August 3rd. Maxim Group set a $44.00 price target on shares of ManTech International Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Credit Suisse Group restated a “sell” rating and issued a $36.00 price target on shares of ManTech International Corporation in a research note on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.67.

In other ManTech International Corporation news, insider Daniel J. Keefe sold 2,511 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $38.72, for a total transaction of $97,225.92. Following the transaction, the insider now directly owns 2,511 shares in the company, valued at $97,225.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Armitage sold 3,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.01, for a total transaction of $120,030.00. Following the transaction, the director now owns 4,000 shares in the company, valued at $160,040. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $603,431 over the last quarter. Company 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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