ManTech International Corporation (MANT) Downgraded by Zacks Investment Research to Hold

ManTech International Corporation (NASDAQ:MANT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, September 6th.

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. “

Other equities research analysts have also recently issued reports about the stock. Maxim Group set a $44.00 target price on shares of ManTech International Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BidaskClub raised shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “sell” rating on shares of ManTech International Corporation in a research report on Friday, August 18th. Loop Capital raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $41.00 to $44.00 in a research report on Friday, June 30th. Finally, Cowen and Company raised shares of ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.67.

ManTech International Corporation (NASDAQ:MANT) traded down 1.88% during trading on Wednesday, hitting $39.69. 962,711 shares of the stock were exchanged. The stock’s 50 day moving average price is $39.69 and its 200 day moving average price is $38.14. ManTech International Corporation has a 12 month low of $33.50 and a 12 month high of $45.52. The stock has a market cap of $1.54 billion, a P/E ratio of 26.16 and a beta of 0.94.

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

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In related news, Director Mary K. Bush sold 2,500 shares of ManTech International Corporation stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $40.39, for a total value of $100,975.00. Following the completion of the sale, the director now owns 8,540 shares in the company, valued at $344,930.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of ManTech International Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.52, for a total transaction of $81,040.00. Following the completion of the sale, the director now owns 21,000 shares of the company’s stock, valued at approximately $850,920. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.

Large investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of ManTech International Corporation by 43.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after buying an additional 1,181 shares during the last quarter. GLG Partners LP bought a new stake in shares of ManTech International Corporation in the second quarter worth $166,000. Public Employees Retirement System of Ohio increased its stake in shares of ManTech International Corporation by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after buying an additional 239 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock worth $207,000 after buying an additional 436 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of ManTech International Corporation by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock worth $209,000 after buying an additional 2,231 shares during the last quarter. Institutional investors and hedge funds 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.

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