Zacks Investment Research upgraded shares of ManTech International Corp. (NASDAQ:MANT) from a hold rating to a buy rating in a report released on Tuesday. The firm currently has $49.00 price target on the stock.

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. “

Several other equities analysts have also commented on MANT. Jefferies Group reaffirmed a sell rating and set a $26.00 price target on shares of ManTech International Corp. in a research report on Thursday, July 28th. Wells Fargo & Co. lowered shares of ManTech International Corp. from a market perform rating to an underperform rating in a research report on Tuesday, August 30th. Finally, Credit Suisse Group AG lowered shares of ManTech International Corp. from a neutral rating to an underperform rating and dropped their price target for the stock from $37.00 to $36.00 in a research report on Thursday, September 29th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. ManTech International Corp. currently has a consensus rating of Hold and a consensus target price of $38.75.

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

ManTech International Corp. (NASDAQ:MANT) traded down 0.90% during mid-day trading on Tuesday, reaching $43.17. 82,824 shares of the company’s stock were exchanged. ManTech International Corp. has a 1-year low of $25.76 and a 1-year high of $43.64. The firm’s 50-day moving average is $39.08 and its 200 day moving average is $38.21. The stock has a market capitalization of $1.66 billion, a PE ratio of 29.05 and a beta of 1.39.

ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business earned $415.40 million during the quarter, compared to analyst estimates of $405.80 million. ManTech International Corp. had a net margin of 3.51% and a return on equity of 4.70%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Analysts forecast that ManTech International Corp. will post $1.47 earnings per share for the current fiscal year.

In other news, insider Kevin M. Phillips sold 13,949 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $41.14, for a total value of $573,861.86. Following the completion of the sale, the insider now owns 31,605 shares of the company’s stock, valued at $1,300,229.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Keefe sold 12,500 shares of the stock in a transaction on 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 sale, the insider now directly owns 12,500 shares of the company’s stock, valued at approximately $501,125. The disclosure for this sale can be found here. 22.28% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in MANT. Vanguard Group Inc. raised its stake in ManTech International Corp. by 6.8% in the second quarter. Vanguard Group Inc. now owns 2,066,258 shares of the company’s stock valued at $78,146,000 after buying an additional 131,533 shares during the last quarter. BlackRock Fund Advisors raised its stake in ManTech International Corp. by 9.5% in the third quarter. BlackRock Fund Advisors now owns 2,016,881 shares of the company’s stock valued at $76,016,000 after buying an additional 174,885 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in ManTech International Corp. by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,968,618 shares of the company’s stock valued at $74,451,000 after buying an additional 152,610 shares during the last quarter. FMR LLC raised its stake in ManTech International Corp. by 58.3% in the second quarter. FMR LLC now owns 1,428,491 shares of the company’s stock valued at $54,026,000 after buying an additional 526,090 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in ManTech International Corp. by 5.7% in the third quarter. Victory Capital Management Inc. now owns 1,227,366 shares of the company’s stock valued at $46,259,000 after buying an additional 66,471 shares during the last quarter. 62.10% of the stock is owned by institutional investors.

About ManTech International Corp.

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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