Zacks Investment Research upgraded shares of Mantech International (NASDAQ:MANT) from a hold rating to a buy rating in a report issued on Saturday morning. They currently have $59.00 target price on the technology company’s stock.
According to Zacks, “ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the Departments of Defense, State, Homeland Security, and Justice; the Space Community; and other U.S. federal government customers. ManTech’s expertise includes systems engineering, systems integration, technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; provides the physical and cyber security to protect U.S. embassies all over the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases. “
Several other analysts also recently weighed in on MANT. BidaskClub raised shares of Mantech International from a sell rating to a hold rating in a research note on Saturday, February 10th. Loop Capital lifted their price target on shares of Mantech International to $60.00 and gave the company a buy rating in a research note on Wednesday, January 3rd. Maxim Group lifted their price target on shares of Mantech International from $47.00 to $53.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Cowen reaffirmed a buy rating and set a $54.00 price target on shares of Mantech International in a research note on Thursday, November 30th. Finally, Wells Fargo & Co lifted their price target on shares of Mantech International from $42.00 to $44.00 and gave the company an underperform rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $48.00.
Shares of Mantech International (NASDAQ MANT) opened at $52.95 on Friday. Mantech International has a 12 month low of $33.50 and a 12 month high of $53.51. The firm has a market cap of $2,064.68, a P/E ratio of 34.61, a PEG ratio of 3.68 and a beta of 1.04.
In related news, Director Mary K. Bush sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total value of $50,450.00. Following the completion of the transaction, the director now owns 7,540 shares of the company’s stock, valued at $380,393. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Judith L. Bjornaas sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $50.79, for a total transaction of $380,925.00. The disclosure for this sale can be found here. Insiders own 22.28% of the company’s stock.
A number of large investors have recently modified their holdings of MANT. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mantech International by 297.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after buying an additional 2,458 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Mantech International during the third quarter worth $165,000. Public Employees Retirement System of Ohio increased its position in shares of Mantech International by 5.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after purchasing an additional 239 shares in the last quarter. Barings LLC acquired a new position in shares of Mantech International during the fourth quarter worth $221,000. Finally, Stifel Financial Corp acquired a new position in shares of Mantech International during the second quarter worth $228,000. 62.48% of the stock is owned by institutional investors.
Mantech International 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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