Zacks Investment Research upgraded shares of ManTech International Corporation (NASDAQ:MANT) from a hold rating to a buy rating in a report released on Thursday morning. Zacks Investment Research currently has $45.00 target price on the technology company’s 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. “

MANT has been the subject of a number of other research reports. Cowen and Company reiterated a buy rating and issued a $45.00 target price on shares of ManTech International Corporation in a research report on Monday, August 21st. BidaskClub lowered shares of ManTech International Corporation from a hold rating to a sell rating in a research report on Friday, August 11th. Loop Capital upgraded shares of ManTech International Corporation from a hold rating to a buy rating and increased their target price for the company from $41.00 to $44.00 in a research report on Friday, June 30th. Maxim Group set a $44.00 target price on shares of ManTech International Corporation and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, Noble Financial reiterated a hold rating on shares of ManTech International Corporation in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $40.67.

Shares of ManTech International Corporation (NASDAQ:MANT) opened at 39.91 on Thursday. The company has a 50 day moving average of $39.53 and a 200 day moving average of $38.07. The firm has a market cap of $1.55 billion, a PE ratio of 26.31 and a beta of 0.94. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $45.52.

ManTech International Corporation (NASDAQ:MANT) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $413.70 million during the quarter, compared to analyst estimates of $418.60 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. ManTech International Corporation’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that ManTech International Corporation will post $1.52 EPS for the current fiscal year.

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The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 2.01%. ManTech International Corporation’s dividend payout ratio (DPR) is 27.63%.

Several large investors have recently bought and sold shares of the company. KCG Holdings Inc. boosted its position in shares of ManTech International Corporation by 0.5% during the 1st quarter. KCG Holdings Inc. now owns 12,893 shares of the technology company’s stock valued at $446,000 after purchasing an additional 70 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of ManTech International Corporation by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,202 shares of the technology company’s stock valued at $1,126,000 after purchasing an additional 91 shares in the last quarter. Arizona State Retirement System boosted its position in shares of ManTech International Corporation by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,371 shares of the technology company’s stock valued at $553,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of ManTech International Corporation by 1.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,950 shares of the technology company’s stock valued at $310,000 after purchasing an additional 160 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of ManTech International Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 18,695 shares of the technology company’s stock valued at $774,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 62.41% of the company’s stock.

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.

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Analyst Recommendations for ManTech International Corporation (NASDAQ:MANT)

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