Other analysts also recently issued reports about the company. Cfra downgraded Manhattan Associates from a hold rating to a sell rating in a research note on Tuesday, May 5th. Zacks Investment Research cut Manhattan Associates from a buy rating to a hold rating in a report on Wednesday, June 24th. Benchmark increased their price target on Manhattan Associates from $51.00 to $61.00 and gave the company a buy rating in a report on Wednesday, April 22nd. Rosenblatt Securities increased their price target on Manhattan Associates from $80.00 to $100.00 and gave the company a buy rating in a report on Thursday, May 21st. Finally, SunTrust Banks increased their price target on Manhattan Associates from $80.00 to $98.00 and gave the company a buy rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $90.00.
Shares of MANH opened at $93.96 on Tuesday. The business’s fifty day simple moving average is $84.80 and its two-hundred day simple moving average is $73.96. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. Manhattan Associates has a 12 month low of $35.20 and a 12 month high of $95.25. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 72.84 and a beta of 2.01.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, April 21st. The software maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. Manhattan Associates had a return on equity of 58.45% and a net margin of 14.01%. The business had revenue of $153.90 million for the quarter, compared to the consensus estimate of $152.55 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that Manhattan Associates will post 1.2 EPS for the current year.
In related news, VP Bruce Richards sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $71.18, for a total value of $355,900.00. Following the transaction, the vice president now directly owns 39,103 shares of the company’s stock, valued at approximately $2,783,351.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert G. Howell sold 31,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $90.02, for a total value of $2,790,620.00. Following the completion of the transaction, the senior vice president now directly owns 128,925 shares in the company, valued at $11,605,828.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,500 shares of company stock worth $3,728,695. 0.74% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of MANH. Victory Capital Management Inc. raised its holdings in Manhattan Associates by 11.7% during the fourth quarter. Victory Capital Management Inc. now owns 52,655 shares of the software maker’s stock valued at $4,199,000 after acquiring an additional 5,497 shares during the period. Bank of Montreal Can raised its holdings in Manhattan Associates by 34.6% during the fourth quarter. Bank of Montreal Can now owns 16,224 shares of the software maker’s stock valued at $1,295,000 after acquiring an additional 4,170 shares during the period. KBC Group NV bought a new stake in Manhattan Associates during the fourth quarter valued at about $2,396,000. Mutual of America Capital Management LLC raised its holdings in Manhattan Associates by 1.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 57,552 shares of the software maker’s stock valued at $4,590,000 after acquiring an additional 542 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Manhattan Associates by 17.1% during the fourth quarter. Schroder Investment Management Group now owns 117,359 shares of the software maker’s stock valued at $9,359,000 after acquiring an additional 17,171 shares during the period.
Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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