Manhattan Associates, Inc. (NASDAQ:MANH) – Equities research analysts at SunTrust Banks decreased their FY2018 earnings per share (EPS) estimates for Manhattan Associates in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst T. Tillman now forecasts that the software maker will earn $1.79 per share for the year, down from their prior forecast of $1.90. SunTrust Banks currently has a “Buy” rating and a $55.00 target price on the stock. SunTrust Banks also issued estimates for Manhattan Associates’ Q4 2018 earnings at $0.43 EPS.

A number of other brokerages have also commented on MANH. BidaskClub upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Zacks Investment Research lowered shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Manhattan Associates currently has a consensus rating of “Hold” and a consensus price target of $65.00.

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Shares of Manhattan Associates (MANH) traded up 0.5811% during mid-day trading on Thursday, hitting $46.2975. The stock had a trading volume of 183,380 shares. Manhattan Associates has a 12-month low of $40.83 and a 12-month high of $59.60. The stock has a market cap of $3.19 billion, a P/E ratio of 26.7461 and a beta of 1.12. The company’s 50 day moving average price is $42.81 and its 200 day moving average price is $45.91.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $154.10 million for the quarter, compared to analysts’ expectations of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share.

Hedge funds have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its position in Manhattan Associates by 41.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after buying an additional 726 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Manhattan Associates by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after buying an additional 271 shares during the last quarter. TrimTabs Asset Management LLC grew its stake in Manhattan Associates by 105.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after buying an additional 1,929 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Manhattan Associates by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after buying an additional 1,660 shares during the last quarter. Finally, Lloyds Banking Group plc grew its stake in Manhattan Associates by 62.0% in the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock valued at $189,000 after buying an additional 1,505 shares during the last quarter.

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.

Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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