ManTech International Corporation (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage currently has a $45.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.91% from the company’s current price.

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. “

Several other research analysts have also issued reports on the company. Noble Financial reissued a “hold” rating on shares of ManTech International Corporation in a research report on Thursday. BidaskClub raised ManTech International Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Maxim Group set a $44.00 target price on ManTech International Corporation and gave the stock a “buy” rating in a research report on Thursday. Loop Capital raised ManTech International Corporation from a “hold” rating to a “buy” rating and increased 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 ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four 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 an average price target of $40.67.

Shares of ManTech International Corporation (NASDAQ MANT) opened at 41.70 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of 27.31 and a beta of 0.94. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $45.52. The stock’s 50 day moving average price is $39.76 and its 200 day moving average price is $38.01.

ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The business had revenue of $413.70 million during the quarter, compared to analysts’ expectations of $418.60 million. During the same quarter last year, the business posted $0.39 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts forecast that ManTech International Corporation will post $1.51 EPS for the current year.

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In related news, insider Daniel J. Keefe sold 9,989 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $38.66, for a total transaction of $386,174.74. Following the completion of the transaction, the insider now owns 9,989 shares of the company’s stock, valued at approximately $386,174.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel J. Keefe sold 2,511 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $38.72, for a total value of $97,225.92. Following the transaction, the insider now directly owns 2,511 shares of the company’s stock, valued at approximately $97,225.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,200 shares of company stock valued at $1,326,747. 22.28% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted 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 valued at $209,000 after buying an additional 2,231 shares in the last quarter. West Coast Financial LLC purchased a new stake in shares of ManTech International Corporation during the second quarter valued at $211,000. Mason Street Advisors LLC boosted 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 valued at $207,000 after buying an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ManTech International Corporation by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock valued at $235,000 after buying an additional 2,053 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of ManTech International Corporation by 3.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,825 shares of the technology company’s stock valued at $236,000 after buying an additional 200 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

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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