Manhattan Associates, Inc. (MANH) Given Consensus Recommendation of “Hold” by Brokerages
Manhattan Associates, Inc. (NASDAQ:MANH) has received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $60.00.
A number of brokerages have commented on MANH. SunTrust Banks, Inc. began coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 price target for the company. Zacks Investment Research lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Friday, June 16th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. World Asset Management Inc boosted its holdings in Manhattan Associates by 0.4% during the 2nd quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock worth $241,000 after acquiring an additional 19 shares during the last quarter. Alps Advisors Inc. boosted its holdings in Manhattan Associates by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,559 shares of the software maker’s stock worth $459,000 after acquiring an additional 25 shares during the last quarter. Stephens Inc. AR boosted its holdings in Manhattan Associates by 0.5% during the 2nd quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock worth $292,000 after acquiring an additional 32 shares during the last quarter. Somerset Trust Co boosted its holdings in Manhattan Associates by 0.7% during the 2nd quarter. Somerset Trust Co now owns 5,640 shares of the software maker’s stock worth $271,000 after acquiring an additional 37 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its holdings in Manhattan Associates by 1.9% during the 1st quarter. Advantus Capital Management Inc now owns 9,013 shares of the software maker’s stock worth $469,000 after acquiring an additional 166 shares during the last quarter.
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Shares of Manhattan Associates (NASDAQ MANH) traded up 0.09% on Friday, reaching $42.33. 295,864 shares of the company traded hands. The company has a market capitalization of $2.92 billion, a PE ratio of 24.45 and a beta of 1.16. The firm has a 50-day moving average price of $42.88 and a 200 day moving average price of $46.83. Manhattan Associates has a one year low of $40.83 and a one year high of $59.76.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $154.10 million during the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. Manhattan Associates’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. Equities analysts forecast that Manhattan Associates will post $1.87 EPS for the current fiscal year.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through 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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