ManTech International Corporation (NASDAQ:MANT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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. “

A number of other analysts have also issued reports on the stock. Maxim Group reissued a “buy” rating and issued a $44.00 price target on shares of ManTech International Corporation in a research report on Wednesday, May 3rd. Credit Suisse Group restated a “sell” rating and issued a $36.00 price objective on shares of ManTech International Corporation in a report on Friday, May 5th. TheStreet upgraded ManTech International Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Wells Fargo & Company upgraded ManTech International Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday, March 23rd. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.33.

Shares of ManTech International Corporation (MANT) opened at 40.10 on Tuesday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 26.63 and a beta of 0.95. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $45.52. The company has a 50-day moving average of $39.09 and a 200-day moving average of $38.37.

ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $418.37 million during the quarter, compared to analyst estimates of $402.15 million. ManTech International Corporation had a net margin of 3.57% and a return on equity of 4.72%. Equities analysts expect that ManTech International Corporation will post $1.50 earnings per share for the current fiscal year.

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In other ManTech International Corporation news, Director Richard L. Armitage sold 3,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.01, for a total transaction of $120,030.00. Following the transaction, the director now owns 4,000 shares in the company, valued at $160,040. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel J. Keefe sold 2,511 shares of the 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 owns 2,511 shares in the company, valued at approximately $97,225.92. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock worth $1,326,747 in the last 90 days. 35.06% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in shares of ManTech International Corporation by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 36,320 shares of the technology company’s stock valued at $1,257,000 after buying an additional 1,547 shares during the period. Wells Fargo & Company MN increased its position in shares of ManTech International Corporation by 2.0% in the first quarter. Wells Fargo & Company MN now owns 126,327 shares of the technology company’s stock valued at $4,375,000 after buying an additional 2,537 shares during the period. Sit Investment Associates Inc. increased its position in shares of ManTech International Corporation by 561.3% in the first quarter. Sit Investment Associates Inc. now owns 10,250 shares of the technology company’s stock valued at $355,000 after buying an additional 8,700 shares during the period. Nationwide Fund Advisors increased its position in shares of ManTech International Corporation by 2.1% in the first quarter. Nationwide Fund Advisors now owns 32,473 shares of the technology company’s stock valued at $1,125,000 after buying an additional 671 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of ManTech International Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock valued at $360,000 after buying an additional 200 shares during the period. Institutional investors own 62.14% of the company’s stock.

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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