Manhattan Associates, Inc. (NASDAQ:MANH) has received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $65.00.

Several analysts have recently weighed in on MANH shares. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Saturday, November 18th. BidaskClub downgraded shares of Manhattan Associates from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. SunTrust Banks, Inc. raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th.

In related news, CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total value of $966,920.00. Following the completion of the transaction, the chief executive officer now owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.01% of the company’s stock.

A number of large investors have recently modified their holdings of MANH. Teachers Advisors LLC raised its stake in Manhattan Associates by 1.3% in the first quarter. Teachers Advisors LLC now owns 126,966 shares of the software maker’s stock worth $6,609,000 after buying an additional 1,623 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Manhattan Associates by 4.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 26,795 shares of the software maker’s stock worth $1,288,000 after purchasing an additional 1,061 shares during the last quarter. LS Investment Advisors LLC grew its holdings in Manhattan Associates by 15.4% in the second quarter. LS Investment Advisors LLC now owns 5,484 shares of the software maker’s stock worth $264,000 after purchasing an additional 730 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Manhattan Associates by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the software maker’s stock worth $870,000 after purchasing an additional 300 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Manhattan Associates by 3.8% in the second quarter. US Bancorp DE now owns 48,496 shares of the software maker’s stock worth $2,330,000 after purchasing an additional 1,755 shares during the last quarter.

Shares of Manhattan Associates (MANH) traded up $0.13 during midday trading on Thursday, reaching $43.28. 537,800 shares of the company’s stock traded hands, compared to its average volume of 684,142. The company has a market capitalization of $2,974.47, a P/E ratio of 24.38 and a beta of 1.15. Manhattan Associates has a twelve month low of $40.75 and a twelve month high of $55.74.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The business had revenue of $152.88 million during the quarter, compared to the consensus estimate of $150.30 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. equities research analysts predict that Manhattan Associates will post 1.75 EPS for the current year.

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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.

Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

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