Manhattan Associates’ (MANH) Buy Rating Reaffirmed at Brean Capital
Manhattan Associates Inc. (NASDAQ:MANH)‘s stock had its “buy” rating reiterated by research analysts at Brean Capital in a note issued to investors on Thursday.
Several other equities research analysts have also commented on MANH. Zacks Investment Research lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Raymond James Financial Inc. reiterated an “outperform” rating and set a $74.00 price objective (down previously from $75.00) on shares of Manhattan Associates in a research note on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Manhattan Associates has an average rating of “Buy” and an average target price of $72.17.
Shares of Manhattan Associates (NASDAQ:MANH) traded down 0.58% on Thursday, hitting $56.12. 115,965 shares of the stock traded hands. The company has a market cap of $4.02 billion, a PE ratio of 35.52 and a beta of 1.31. Manhattan Associates has a one year low of $44.14 and a one year high of $77.75. The stock has a 50 day moving average of $58.76 and a 200 day moving average of $60.87.
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Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. Manhattan Associates had a net margin of 19.56% and a return on equity of 62.72%. The business earned $154.90 million during the quarter, compared to analyst estimates of $153.75 million. During the same quarter in the previous year, the business posted $0.37 EPS. Equities analysts anticipate that Manhattan Associates will post $1.79 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. raised its position in shares of Manhattan Associates by 139.9% in the second quarter. Johnson Financial Group Inc. now owns 2,317 shares of the company’s stock worth $149,000 after buying an additional 1,351 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Manhattan Associates during the second quarter worth about $160,000. Capital Analysts LLC bought a new position in shares of Manhattan Associates during the second quarter worth about $171,000. Janney Montgomery Scott LLC bought a new position in shares of Manhattan Associates during the second quarter worth about $201,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Manhattan Associates during the second quarter worth about $201,000. Institutional investors and hedge funds own 99.71% of the company’s stock.
Manhattan Associates Company Profile
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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