ManTech International Corporation (MANT) Upgraded by Zacks Investment Research to Buy
ManTech International Corporation (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $45.00 price target on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.38% from the stock’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 firms also recently issued reports on MANT. Cowen and Company upgraded ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Friday, June 2nd. Loop Capital upgraded ManTech International Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $44.00 in a report on Friday, June 30th. BidaskClub downgraded ManTech International Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Maxim Group set a $44.00 price objective on ManTech International Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Noble Financial reiterated a “hold” rating on shares of ManTech International Corporation in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.67.
ManTech International Corporation (NASDAQ MANT) traded down 1.88% during mid-day trading on Friday, reaching $39.69. The company’s stock had a trading volume of 962,711 shares. The firm’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 price-to-earnings ratio of 26.16 and a beta of 0.94.
ManTech International Corporation (NASDAQ:MANT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, beating the Zacks’ 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 company had revenue of $413.70 million for the quarter, compared to the consensus estimate of $418.60 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts predict that ManTech International Corporation will post $1.52 earnings per share for the current year.
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In other ManTech International Corporation news, Director Mary K. Bush sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $40.39, for a total transaction of $100,975.00. Following the sale, the director now owns 8,540 shares in the company, valued at approximately $344,930.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.52, for a total value of $81,040.00. Following the sale, the director now owns 21,000 shares in the company, valued at approximately $850,920. The disclosure for this sale can be found here. 22.28% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in ManTech International Corporation by 43.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,181 shares during the period. GLG Partners LP purchased a new stake in ManTech International Corporation during the 2nd quarter worth about $166,000. Public Employees Retirement System of Ohio increased its holdings in ManTech International Corporation by 5.5% during the 2nd 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 during the period. State of Alaska Department of Revenue increased its holdings in ManTech International Corporation by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock worth $209,000 after purchasing an additional 2,231 shares during the period. Finally, West Coast Financial LLC purchased a new stake in ManTech International Corporation during the 2nd quarter worth about $211,000. Institutional investors 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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