Manhattan Associates, Inc. (NASDAQ:MANH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “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. Its solutions consist of software, services and hardware, which coordinate people, workflows, assets, events and tasks across the functions linked in a supply chain from planning through execution. Its supply chain solutions consist of three components: Distribution Management, Transportation Management and Visibility. Its Omni-Channel Solutions include Omni-Channel Central Solutions and Omni-Channel Local Solutions. Its Inventory solutions include Inventory Optimization and Planning. “

Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. SunTrust Banks, Inc. raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $65.00.

Manhattan Associates (NASDAQ:MANH) traded up 1.08% during midday trading on Thursday, reaching $46.03. 578,314 shares of the company were exchanged. Manhattan Associates has a 52 week low of $40.83 and a 52 week high of $59.60. The firm has a 50-day moving average price of $42.81 and a 200-day moving average price of $45.90. The company has a market capitalization of $3.17 billion, a PE ratio of 26.59 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $154.10 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.49 EPS. Equities research analysts anticipate that Manhattan Associates will post $1.87 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of MANH. Waldron LP acquired a new stake in shares of Manhattan Associates during the 1st quarter worth about $745,000. UBS Asset Management Americas Inc. boosted its stake in shares of Manhattan Associates by 30.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 45,300 shares of the software maker’s stock worth $2,358,000 after purchasing an additional 10,530 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Manhattan Associates during the 1st quarter worth about $960,000. Ameriprise Financial Inc. boosted its stake in shares of Manhattan Associates by 6.6% during the 1st quarter. Ameriprise Financial Inc. now owns 250,910 shares of the software maker’s stock worth $13,060,000 after purchasing an additional 15,474 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Manhattan Associates by 14.7% during the 1st quarter. Pacer Advisors Inc. now owns 6,593 shares of the software maker’s stock worth $343,000 after purchasing an additional 844 shares during the last quarter.

Manhattan Associates Company Profile

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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