Manhattan Associates, Inc. (NASDAQ:MANH) – Analysts at William Blair issued their Q1 2018 EPS estimates for shares of Manhattan Associates in a research report issued on Wednesday. William Blair analyst M. Pfau forecasts that the software maker will earn $0.28 per share for the quarter. William Blair also issued estimates for Manhattan Associates’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.18 EPS.
Several other analysts have also recently commented on MANH. BidaskClub cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. Finally, Zacks Investment Research cut Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.00.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $144.09 million during the quarter, compared to analysts’ expectations of $144.86 million. Manhattan Associates had a return on equity of 72.02% and a net margin of 19.59%. Manhattan Associates’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new stake in Manhattan Associates during the third quarter valued at $128,000. Victory Capital Management Inc. acquired a new stake in Manhattan Associates during the third quarter valued at $168,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Manhattan Associates by 45.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,719 shares of the software maker’s stock valued at $184,000 after purchasing an additional 1,165 shares during the last quarter. Wilkins Investment Counsel Inc. acquired a new stake in Manhattan Associates during the third quarter valued at $212,000. Finally, Advisory Services Network LLC boosted its position in Manhattan Associates by 2,191.1% during the fourth quarter. Advisory Services Network LLC now owns 4,651 shares of the software maker’s stock valued at $230,000 after purchasing an additional 4,448 shares during the last quarter.
Manhattan Associates announced that its board has initiated a share repurchase plan on Tuesday, February 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
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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