Manhattan Associates Inc. (MANH) Earns Buy Rating from Brean Capital
Manhattan Associates Inc. (NASDAQ:MANH)‘s stock had its “buy” rating reiterated by research analysts at Brean Capital in a report released on Thursday.
Several other analysts have also recently commented on the company. Zacks Investment Research cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Raymond James Financial Inc. reiterated an “outperform” rating and issued a $74.00 target price (down from $75.00) on shares of Manhattan Associates in a report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $72.17.
Manhattan Associates (NASDAQ:MANH) traded down 0.55% during mid-day trading on Thursday, hitting $56.14. 96,998 shares of the stock were exchanged. Manhattan Associates has a 1-year low of $44.14 and a 1-year high of $77.75. The stock has a 50 day moving average price of $58.76 and a 200 day moving average price of $60.87. The company has a market capitalization of $4.02 billion, a PE ratio of 35.53 and a beta of 1.31.
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Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 19th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a return on equity of 62.72% and a net margin of 19.56%. The business had revenue of $154.90 million for the quarter, compared to analysts’ expectations of $153.75 million. During the same period in the prior year, the business posted $0.37 earnings per share. On average, equities analysts anticipate that Manhattan Associates will post $1.79 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of MANH. Atlanta Capital Management Co. L L C boosted its position in Manhattan Associates by 1.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,259,479 shares of the company’s stock worth $273,160,000 after buying an additional 62,671 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Manhattan Associates by 6.5% in the second quarter. Neuberger Berman Group LLC now owns 3,872,121 shares of the company’s stock worth $248,319,000 after buying an additional 237,415 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Manhattan Associates by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,501,847 shares of the company’s stock worth $160,443,000 after buying an additional 105,712 shares during the last quarter. State Street Corp raised its position in shares of Manhattan Associates by 1.4% in the first quarter. State Street Corp now owns 2,440,798 shares of the company’s stock worth $138,804,000 after buying an additional 34,235 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Manhattan Associates by 17.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,299,380 shares of the company’s stock worth $83,330,000 after buying an additional 189,914 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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