Mantech International (NASDAQ:MANT) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday, BidAskClub reports.

Several other analysts also recently issued reports on the company. Morgan Stanley set a $66.00 price target on Mantech International and gave the company a “hold” rating in a research note on Wednesday, August 21st. Wells Fargo & Co cut Mantech International from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Mantech International from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, SunTrust Banks boosted their price target on Mantech International to $77.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $73.00.

Shares of Mantech International stock traded down $0.23 on Wednesday, reaching $67.99. The company had a trading volume of 219 shares, compared to its average volume of 128,696. The firm’s 50 day moving average price is $69.31 and its two-hundred day moving average price is $65.28. The firm has a market cap of $2.76 billion, a PE ratio of 33.00, a PEG ratio of 3.72 and a beta of 0.88. Mantech International has a 52-week low of $48.25 and a 52-week high of $72.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.43 and a current ratio of 1.43.

Mantech International (NASDAQ:MANT) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Mantech International had a net margin of 4.30% and a return on equity of 6.21%. The firm had revenue of $537.00 million for the quarter, compared to the consensus estimate of $551.29 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Mantech International will post 2.32 EPS for the current year.

In other Mantech International news, CEO Kevin M. Phillips sold 32,431 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $67.98, for a total value of $2,204,659.38. Following the completion of the transaction, the chief executive officer now owns 106,063 shares of the company’s stock, valued at approximately $7,210,162.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard John Wagner sold 8,600 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $70.23, for a total value of $603,978.00. Following the completion of the transaction, the insider now directly owns 7,635 shares of the company’s stock, valued at approximately $536,206.05. The disclosure for this sale can be found here. 33.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. M&T Bank Corp bought a new stake in shares of Mantech International in the 2nd quarter valued at about $238,000. Envestnet Asset Management Inc. grew its position in shares of Mantech International by 18.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,172 shares of the technology company’s stock valued at $2,053,000 after buying an additional 4,820 shares during the last quarter. Bahl & Gaynor Inc. bought a new stake in shares of Mantech International in the 2nd quarter valued at about $1,754,000. Capital Fund Management S.A. bought a new stake in shares of Mantech International in the 2nd quarter valued at about $389,000. Finally, Bank of Montreal Can grew its position in shares of Mantech International by 4,472.0% in the 2nd quarter. Bank of Montreal Can now owns 2,286 shares of the technology company’s stock valued at $150,000 after buying an additional 2,236 shares during the last quarter. 65.53% of the stock is owned by institutional investors and hedge funds.

About Mantech International

ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.

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Analyst Recommendations for Mantech International (NASDAQ:MANT)

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