Manhattan Associates Inc. (MANH) Earns Buy Rating from Brean Capital
Manhattan Associates Inc. (NASDAQ:MANH)‘s stock had its “buy” rating reaffirmed by analysts at Brean Capital in a research note issued on Thursday.
MANH has been the subject of several other reports. Zacks Investment Research cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Raymond James Financial Inc. reiterated an “outperform” rating and set a $74.00 target price (down from $75.00) on shares of Manhattan Associates in a research note on Friday, July 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $72.17.
Shares of Manhattan Associates (NASDAQ:MANH) traded down 0.55% during trading on Thursday, hitting $56.14. 96,998 shares of the stock were exchanged. Manhattan Associates has a 12-month low of $44.14 and a 12-month high of $77.75. The stock’s 50 day moving average is $58.76 and its 200-day moving average is $60.87. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 35.53 and a beta of 1.31.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a net margin of 19.56% and a return on equity of 62.72%. The business had revenue of $154.90 million for the quarter, compared to analyst estimates of $153.75 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. Equities research analysts anticipate that Manhattan Associates will post $1.79 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. increased its stake in shares of Manhattan Associates by 139.9% in the second quarter. Johnson Financial Group Inc. now owns 2,317 shares of the company’s stock worth $149,000 after buying an additional 1,351 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Manhattan Associates during the second quarter worth $160,000. Capital Analysts LLC purchased a new stake in shares of Manhattan Associates during the second quarter worth $171,000. Janney Montgomery Scott LLC purchased a new stake in shares of Manhattan Associates during the second quarter worth $201,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Manhattan Associates during the second quarter worth $201,000. 99.71% of the stock is currently owned by institutional investors.
Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has 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.
Receive News & Stock Ratings for Manhattan Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates Inc. and related stocks with our FREE daily email newsletter.