ManTech International Corporation (MANT) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of ManTech International Corporation (NASDAQ:MANT) from a hold rating to a buy rating in a report issued on Friday morning. They currently have $45.00 price objective on the technology company’s stock.

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. “

Other analysts also recently issued reports about the stock. Maxim Group set a $44.00 price objective on shares of ManTech International Corporation and gave the company a buy rating in a research report on Thursday, August 3rd. Loop Capital upgraded shares of ManTech International Corporation from a hold rating to a buy rating and lifted their price objective for the company from $41.00 to $44.00 in a research report on Friday, June 30th. Cowen and Company restated a buy rating and set a $45.00 price target on shares of ManTech International Corporation in a research report on Monday, August 21st. Noble Financial restated a hold rating on shares of ManTech International Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of ManTech International Corporation from a sell rating to a hold rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $40.67.

Shares of ManTech International Corporation (NASDAQ MANT) traded down 1.88% on Friday, hitting $39.69. 962,711 shares of the stock were exchanged. 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 one year low of $33.50 and a one year high of $45.52. The firm 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 issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $413.70 million for the quarter, compared to the consensus estimate of $418.60 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. ManTech International Corporation’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. Equities analysts anticipate that ManTech International Corporation will post $1.52 earnings per share for the current year.

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

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

Institutional investors and hedge funds have recently made changes to their positions in the company. OppenheimerFunds Inc. grew its stake in shares of ManTech International Corporation by 38.3% in the 1st quarter. OppenheimerFunds Inc. now owns 33,227 shares of the technology company’s stock worth $1,150,000 after purchasing an additional 9,209 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of ManTech International Corporation in the 1st quarter worth approximately $8,213,000. JPMorgan Chase & Co. grew its stake in shares of ManTech International Corporation by 117.3% in the 1st quarter. JPMorgan Chase & Co. now owns 236,131 shares of the technology company’s stock worth $8,178,000 after purchasing an additional 127,455 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of ManTech International Corporation by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock worth $93,765,000 after purchasing an additional 234,114 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of ManTech International Corporation by 5.1% in the 1st quarter. Renaissance Technologies LLC now owns 21,433 shares of the technology company’s stock worth $742,000 after purchasing an additional 1,033 shares during the last quarter. 62.41% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for ManTech International Corporation (NASDAQ:MANT)

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