ManTech International Corporation (MANT) Rating Increased to Buy at Zacks Investment Research

ManTech International Corporation (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $45.00 target price on the technology company’s stock. Zacks Investment Research‘s target price points to a potential upside of 13.38% from the stock’s current price.

According to Zacks, “ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. They design, develop, procure, implement, operate, test and maintain mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and worldwide. “

Other analysts have also issued reports about the stock. Maxim Group set a $44.00 target price on shares of ManTech International Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Loop Capital upgraded shares of ManTech International Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $41.00 to $44.00 in a research note on Friday, June 30th. Cowen and Company restated a “buy” rating and set a $45.00 target price on shares of ManTech International Corporation in a research note on Monday, August 21st. Noble Financial reiterated a “hold” rating on shares of ManTech International Corporation in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.67.

Shares of ManTech International Corporation (MANT) opened at 39.69 on Friday. The company has a market capitalization of $1.54 billion, a PE ratio of 26.16 and a beta of 0.94. The stock has a 50 day moving average of $39.69 and a 200-day moving average of $38.14. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $45.52.

ManTech International Corporation (NASDAQ:MANT) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $413.70 million for the quarter, compared to analyst estimates of $418.60 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that ManTech International Corporation will post $1.52 earnings per share for the current fiscal year.

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In other ManTech International Corporation news, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.52, for a total value of $81,040.00. Following the completion of the sale, the director now owns 21,000 shares of the company’s stock, valued at $850,920. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary K. Bush sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $40.39, for a total value of $100,975.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $344,930.60. The disclosure for this sale can be found here. 22.28% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MANT. Teachers Advisors LLC lifted its holdings in ManTech International Corporation by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 39,336 shares of the technology company’s stock valued at $1,662,000 after acquiring an additional 1,217 shares during the period. Louisiana State Employees Retirement System lifted its holdings in ManTech International Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock valued at $360,000 after acquiring an additional 200 shares during the period. Nationwide Fund Advisors lifted its holdings in ManTech International Corporation by 2.1% in the first quarter. Nationwide Fund Advisors now owns 32,473 shares of the technology company’s stock valued at $1,125,000 after acquiring an additional 671 shares during the period. Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 2,537 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings 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 acquiring an additional 1,547 shares during the period. 62.41% of the stock is owned by institutional investors.

ManTech International Corporation Company Profile

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.

Analyst Recommendations for ManTech International Corporation (NASDAQ:MANT)

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