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Manhattan Associates (NASDAQ:MANH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $37.20 price target on the stock. Zacks‘s price objective would indicate a potential upside of 7.64% from the company’s current price.

Manhattan Associates (NASDAQ:MANH) traded down 0.58% during mid-day trading on Tuesday, hitting $34.36. 206,810 shares of the company’s stock traded hands. Manhattan Associates has a 1-year low of $18.9925 and a 1-year high of $40.79. The stock has a 50-day moving average of $32.72 and a 200-day moving average of $33.36. The company has a market cap of $2.604 billion and a price-to-earnings ratio of 37.12.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 22nd. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.05. The company had revenue of $113.60 million for the quarter, compared to the consensus estimate of $106.43 million. During the same quarter last year, the company posted $0.74 earnings per share. Manhattan Associates’s revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that Manhattan Associates will post $1.07 earnings per share for the current fiscal year.

Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.

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