Zacks Investment Research lowered shares of ManTech International Corporation (NASDAQ:MANT) from a buy rating to a hold rating in a research note released on Tuesday morning.

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 equities research analysts also recently issued reports on MANT. Noble Financial reiterated a hold rating on shares of ManTech International Corporation in a research report on Thursday, August 3rd. BidaskClub upgraded ManTech International Corporation from a sell rating to a hold rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a sell rating on shares of ManTech International Corporation in a research report on Friday, August 18th. Cowen and Company reiterated a buy rating and issued a $45.00 price objective on shares of ManTech International Corporation in a research report on Monday, August 21st. Finally, Maxim Group set a $44.00 price objective on ManTech International Corporation and gave the stock a buy rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. ManTech International Corporation presently has an average rating of Hold and a consensus price target of $40.67.

Shares of ManTech International Corporation (NASDAQ:MANT) traded down 1.88% during trading on Tuesday, hitting $39.69. The stock had a trading volume of 962,711 shares. The company has a market cap of $1.54 billion, a PE ratio of 26.16 and a beta of 0.94. The firm’s 50 day moving average is $39.69 and its 200 day moving average is $38.14. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $45.52.

ManTech International Corporation (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.39 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that ManTech International Corporation will post $1.52 EPS for the current fiscal year.

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The company also recently declared a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 2.01%. ManTech International Corporation’s payout ratio is 27.63%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MANT. BlackRock Inc. raised its position in ManTech International Corporation by 187,452.0% during the first quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock valued at $128,534,000 after purchasing an additional 3,709,675 shares in the last quarter. ETF Managers Group LLC purchased a new stake in ManTech International Corporation during the second quarter valued at about $18,694,000. Wellington Management Group LLP purchased a new stake in ManTech International Corporation during the first quarter valued at about $8,213,000. Vanguard Group Inc. raised its position in ManTech International Corporation by 9.5% during the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after purchasing an additional 234,114 shares in the last quarter. Finally, Heartland Advisors Inc. purchased a new stake in ManTech International Corporation during the second quarter valued at about $7,889,000. 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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