Manhattan Associates (NASDAQ:MANH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

According to Zacks, “Manhattan Associates, Inc., is the global leader in providing supply chain execution and optimization solutions. It enables operational excellence through its warehouse, transportation, distributed order management, reverse logistics and trading partner management solutions, as well as its RFID, performance management and event management capabilities. These Integrated Logistics Solutions(TM) leverage state-of-the-art technologies, innovative practices and domain expertise to enhance performance, profitability and competitive advantage. Manhattan Associates has licensed more than 900 customers representing more than 1,600 facilities worldwide, which include some of the world’s leading manufacturers, distributors and retailers. “

Other research analysts also recently issued reports about the company. SunTrust Banks raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. KeyCorp reissued a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $65.00.

Shares of Manhattan Associates (NASDAQ:MANH) traded up $0.27 during trading hours on Monday, hitting $45.28. The stock had a trading volume of 441,372 shares, compared to its average volume of 679,760. The firm has a market cap of $3,102.68, a P/E ratio of 25.43 and a beta of 1.15. Manhattan Associates has a 12 month low of $40.75 and a 12 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, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $152.88 million for the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. equities analysts predict that Manhattan Associates will post 1.75 EPS for the current fiscal year.

In related news, CEO Eddie Capel sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the transaction, the chief executive officer now directly owns 180,057 shares of the company’s stock, valued at approximately $7,569,596.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.01% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Eagle Asset Management raised its stake in shares of Manhattan Associates by 69.8% in the third quarter. Eagle Asset Management now owns 2,084,930 shares of the software maker’s stock worth $129,890,000 after purchasing an additional 857,328 shares during the last quarter. CUE Financial Group purchased a new stake in shares of Manhattan Associates in the fourth quarter worth approximately $769,000. CIBC World Markets purchased a new stake in shares of Manhattan Associates in the fourth quarter worth approximately $1,533,000. KAMES CAPITAL plc raised its stake in shares of Manhattan Associates by 38.7% in the fourth quarter. KAMES CAPITAL plc now owns 92,364 shares of the software maker’s stock worth $6,112,000 after purchasing an additional 25,795 shares during the last quarter. Finally, British Columbia Investment Management Corp raised its stake in shares of Manhattan Associates by 12.2% in the fourth quarter. British Columbia Investment Management Corp now owns 95,000 shares of the software maker’s stock worth $6,286,000 after purchasing an additional 10,357 shares during the last quarter.

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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.

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