ManTech International Corporation (NASDAQ:MANT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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. “

A number of other research firms have also recently issued reports on MANT. Noble Financial reiterated a “hold” rating on shares of ManTech International Corporation 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. Maxim Group set a $44.00 target price on shares of ManTech International Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. Credit Suisse Group reiterated a “sell” rating and issued a $36.00 target price on shares of ManTech International Corporation in a research note on Friday, May 5th. Finally, TheStreet upgraded shares of ManTech International Corporation from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.33.

Shares of ManTech International Corporation (MANT) traded up 0.59% on Wednesday, hitting $39.40. The company’s stock had a trading volume of 64,535 shares. The company has a 50 day moving average of $39.60 and a 200 day moving average of $38.02. The firm has a market cap of $1.53 billion, a PE ratio of 25.97 and a beta of 0.94. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $45.52.

ManTech International Corporation (NASDAQ:MANT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (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 company had revenue of $413.70 million during the quarter, compared to analysts’ expectations of $418.60 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. ManTech International Corporation’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that ManTech International Corporation will post $1.52 EPS for the current year.

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In related news, Director Richard L. Armitage sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.01, for a total value of $120,030.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at approximately $160,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 35.06% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position 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 buying an additional 1,217 shares during the period. Louisiana State Employees Retirement System boosted its position 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 buying an additional 200 shares during the period. Nationwide Fund Advisors boosted its position 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 buying an additional 671 shares during the period. Wells Fargo & Company MN boosted 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 during the period. Finally, Great West Life Assurance Co. Can boosted 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 during the period. Hedge funds and other institutional investors own 62.41% 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.

Analyst Recommendations for ManTech International Corporation (NASDAQ:MANT)

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