Drexel Hamilton began coverage on shares of ManTech International Corp. (NASDAQ:MANT) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Several other analysts have also recently issued reports on MANT. Zacks Investment Research cut shares of ManTech International Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Jefferies Group reiterated a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a report on Thursday, July 28th. Credit Suisse Group AG downgraded shares of ManTech International Corp. from a “neutral” rating to an “underperform” rating and cut their price target for the company from $37.00 to $36.00 in a report on Thursday, September 29th. They noted that the move was a valuation call. Finally, Wells Fargo & Co. downgraded shares of ManTech International Corp. from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 30th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. ManTech International Corp. presently has a consensus rating of “Hold” and an average price target of $38.75.

Analyst Recommendations for ManTech International Corp. (NASDAQ:MANT)

ManTech International Corp. (NASDAQ:MANT) opened at 43.56 on Wednesday. ManTech International Corp. has a 12-month low of $25.76 and a 12-month high of $42.30. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.31 and a beta of 1.39. The stock’s 50 day moving average is $39.08 and its 200 day moving average is $38.21.

ManTech International Corp. (NASDAQ:MANT) last announced its earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $415.40 million for the quarter, compared to analysts’ expectations of $405.80 million. ManTech International Corp. had a net margin of 3.51% and a return on equity of 4.70%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Equities analysts predict that ManTech International Corp. will post $1.47 earnings per share for the current fiscal year.

In other ManTech International Corp. news, insider Judith L. Bjornaas sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $42.98, for a total value of $429,800.00. Following the transaction, the insider now directly owns 12,000 shares in the company, valued at approximately $515,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Keefe sold 12,500 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $40.09, for a total transaction of $501,125.00. Following the completion of the transaction, the insider now owns 12,500 shares in the company, valued at $501,125. The disclosure for this sale can be found here. 22.28% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. American International Group Inc. increased its position in shares of ManTech International Corp. by 0.4% in the third quarter. American International Group Inc. now owns 18,436 shares of the company’s stock worth $695,000 after buying an additional 75 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of ManTech International Corp. by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,580 shares of the company’s stock valued at $361,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of ManTech International Corp. by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $412,000 after buying an additional 100 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of ManTech International Corp. by 3.8% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock valued at $102,000 after buying an additional 100 shares during the last quarter. Finally, PineBridge Investments L.P. boosted its stake in shares of ManTech International Corp. by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,110 shares of the company’s stock valued at $118,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 62.10% of the company’s stock.

ManTech International Corp. Company Profile

ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers.

5 Day Chart for NASDAQ:MANT

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