Mantech International (NASDAQ:MANT) Lifted to Sell at BidaskClub

Mantech International (NASDAQ:MANT) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday, February 2nd.

Several other equities research analysts also recently weighed in on MANT. Wells Fargo & Co upped their target price on shares of Mantech International from $42.00 to $44.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, January 11th. Loop Capital increased their price objective on shares of Mantech International to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Cowen reissued a “buy” rating and issued a $54.00 price objective on shares of Mantech International in a research report on Thursday, November 30th. Finally, Maxim Group increased their price objective on shares of Mantech International from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.00.

Mantech International (MANT) opened at $50.92 on Friday. Mantech International has a fifty-two week low of $33.50 and a fifty-two week high of $53.31. The company has a market cap of $1,990.00, a P/E ratio of 33.28, a PEG ratio of 3.45 and a beta of 1.04.

In other news, insider Judith L. Bjornaas sold 7,500 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary K. Bush sold 1,000 shares of the firm’s 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 sale, the director now owns 7,540 shares of the company’s stock, valued at approximately $380,393. The disclosure for this sale can be found here. 35.06% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mantech International by 297.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after purchasing an additional 2,458 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Mantech International by 43.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,181 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Mantech International in the third quarter valued at about $165,000. Public Employees Retirement System of Ohio lifted its stake in shares of Mantech International by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after purchasing an additional 239 shares during the period. Finally, Barings LLC purchased a new position in Mantech International during the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 62.48% of the company’s stock.

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About Mantech International

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 (NASDAQ:MANT)

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