Mantech International (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm presently has a $59.00 price target on the technology company’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.43% from the company’s previous close.
According to Zacks, “ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the Departments of Defense, State, Homeland Security, and Justice; the Space Community; and other U.S. federal government customers. ManTech’s expertise includes systems engineering, systems integration, technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; provides the physical and cyber security to protect U.S. embassies all over the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases. “
Other equities research analysts also recently issued research reports about the stock. Loop Capital boosted their target price on shares of Mantech International to $57.00 in a research report on Tuesday, December 19th. Cowen reissued a “buy” rating and issued a $54.00 target price on shares of Mantech International in a research report on Thursday, November 30th. Maxim Group boosted their target price on shares of Mantech International from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. BidaskClub raised shares of Mantech International from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Wells Fargo & Co boosted their target price on shares of Mantech International from $42.00 to $44.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.00.
In other news, insider Judith L. Bjornaas sold 7,500 shares of Mantech International stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $50.79, for a total value of $380,925.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary K. Bush sold 1,000 shares of Mantech International stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the transaction, the director now directly owns 7,540 shares of the company’s stock, valued at $380,393. The disclosure for this sale can be found here. Insiders own 22.28% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mantech International by 297.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after buying an additional 2,458 shares during the period. SG Americas Securities LLC acquired a new position in shares of Mantech International in the 3rd quarter valued at about $165,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Mantech International by 5.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after buying an additional 239 shares during the period. Barings LLC acquired a new position in shares of Mantech International in the 4th quarter valued at about $221,000. Finally, Stifel Financial Corp acquired a new position in shares of Mantech International in the 2nd quarter valued at about $228,000. 62.48% of the stock is owned by institutional investors and hedge funds.
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Mantech International 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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