Belpointe Asset Management LLC makes a new $255,000 investment in ManTech International Co. (NASDAQ:MANT)



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 latest 13F filing with the SEC. The institutional investor acquired 2,958 shares of the tech company, valued at around $255,000.

Other hedge funds have also recently changed their positions in the business. Maryland State Retirement & Pension System increased 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 valued at $801,000 after buying 163 additional shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its equity stake in ManTech International by 3.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,276 shares of the technology company valued at $627,000 after purchasing an additional 259 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings of ManTech International shares by 7.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,798 shares of the technology company valued at $277,000 after buying 277 additional shares during the period. Profund Advisors LLC increased its holdings of ManTech International shares by 11.7% in the fourth quarter. Profund Advisors LLC now owns 3,073 shares of the technology company valued at $224,000 after buying 321 additional shares during the period. Finally, Duality Advisers LP increased its stake in ManTech International by 2.3% during the fourth quarter. Duality Advisers LP now owns 14,040 shares of the technology company worth $1,024,000 after acquiring 322 additional shares during the period. 97.93% of the shares are currently held by hedge funds and other institutional investors.

A Wall Street analyst gives his opinion

A number of stock analysts have recently commented on MANT shares. William Blair upgraded ManTech International from a “market performer” rating to an “outperformer” rating in a Monday, May 16 research report. Morgan Stanley raised its price target on ManTech International to $96.00 and gave the stock an “equal weight” rating in a Tuesday, May 17 research note. Wells Fargo & Company raised its price target on ManTech International from $77.00 to $89.00 and gave the company an “equal weight” rating in a Thursday, March 24 research note. Truist Financial raised its price target on ManTech International from $84.00 to $96.00 in a research note on Tuesday, May 17. Finally, StockNews.com upgraded ManTech International from a “buy” to a “hold” rating in a Tuesday, May 24 research note. One equity research analyst gave the stock a sell rating, five gave the stock a hold rating and two gave the stock a buy rating. 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 capitalization 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 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 released its results on Wednesday, May 4. The technology company reported earnings per share (EPS) of $0.89 for the quarter, beating consensus analyst 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 company posted revenue of $675.50 million for the quarter, versus analyst estimates of $639.43 million. In the same quarter of the previous year, the company achieved EPS of $0.88. ManTech International revenue increased 6.7% year over year. As a group, stock analysts expect ManTech International Co. to post EPS of 3.52 for the current fiscal year.

ManTech International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 24. Investors of record on Friday, June 10 received a dividend of $0.41. This represents an annualized dividend of $1.64 and a dividend yield of 1.71%. The ex-dividend date was Thursday, June 9. ManTech International’s dividend payout ratio (DPR) is currently 49.55%.

ManTech International Profile

(Get a rating)

ManTech International Corporation provides technology solutions and services for the U.S. defense, intelligence community, and federal civilian agencies worldwide. The Company offers cybersecurity solutions and services, including security operations, threat intelligence, incident response and forensics, border defense, security systems engineering, infrastructure security, computer forensics and exploitation.

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Want to see which other hedge funds hold MANT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for ManTech International Co. (NASDAQ:MANT – Get Rating).

Institutional ownership by quarter for ManTech International (NASDAQ:MANT)



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