ManTech International Corporation (NASDAQ:MANT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

MANT has been the subject of a number of other research reports. Maxim Group reaffirmed a “buy” rating and issued a $44.00 price objective on shares of ManTech International Corporation in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “sell” rating and issued a $36.00 price objective on shares of ManTech International Corporation in a research note on Monday, May 15th. Cowen and Company reaffirmed a “hold” rating and issued a $38.00 price objective on shares of ManTech International Corporation in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. Finally, Noble Financial reaffirmed a “hold” rating on shares of ManTech International Corporation in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.67.

Shares of ManTech International Corporation (MANT) traded down 1.56% on Friday, hitting $39.09. The company’s stock had a trading volume of 18,108 shares. The stock’s 50 day moving average is $39.95 and its 200-day moving average is $38.07. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $45.52. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 25.77 and a beta of 0.94.

ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The firm had revenue of $413.70 million during the quarter, compared to analyst estimates of $418.60 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate 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, insider Daniel J. Keefe sold 2,511 shares of ManTech International Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $38.72, for a total transaction of $97,225.92. Following the completion of the sale, the insider now owns 2,511 shares of the company’s stock, valued at approximately $97,225.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Armitage sold 3,000 shares of ManTech International Corporation stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.01, for a total transaction of $120,030.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $160,040. The disclosure for this sale can be found here. Insiders have sold a total of 15,500 shares of company stock valued at $603,431 in the last three months. Company insiders own 22.28% of the company’s stock.

Several large investors have recently modified their holdings of MANT. BlackRock Inc. raised its stake in shares of ManTech International Corporation by 187,452.0% in the first quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock worth $128,534,000 after buying an additional 3,709,675 shares during the period. Norges Bank acquired a new stake in ManTech International Corporation during the fourth quarter valued at about $15,962,000. Wellington Management Group LLP acquired a new stake in ManTech International Corporation during the first quarter valued at about $8,213,000. Vanguard Group Inc. raised its stake in ManTech International Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after buying an additional 234,114 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in ManTech International Corporation during the second quarter valued at about $7,889,000. 60.89% 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.

Analyst Recommendations for ManTech International Corporation (NASDAQ:MANT)

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