Manhattan Associates, Inc. (NASDAQ:MANH)‘s stock had its “hold” rating reaffirmed by equities researchers at KeyCorp in a report released on Tuesday.

MANH has been the topic of a number of other reports. SunTrust Banks, Inc. initiated coverage on Manhattan Associates in a report on Monday, June 26th. They set a “hold” rating and a $45.00 price target on the stock. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BidaskClub lowered Manhattan Associates from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $65.00.

Manhattan Associates (MANH) traded down 0.06% on Tuesday, hitting $46.74. The company had a trading volume of 174,757 shares. Manhattan Associates has a one year low of $40.83 and a one year high of $59.60. The stock has a 50 day moving average of $43.57 and a 200-day moving average of $45.67. The stock has a market capitalization of $3.22 billion, a PE ratio of 27.00 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $154.10 million for the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. Manhattan Associates’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Equities analysts anticipate that Manhattan Associates will post $1.87 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Atlanta Capital Management Co. L L C increased its position in Manhattan Associates by 1.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 7,690,407 shares of the software maker’s stock worth $369,601,000 after buying an additional 98,471 shares during the last quarter. BlackRock Inc. increased its position in Manhattan Associates by 0.9% in the second quarter. BlackRock Inc. now owns 5,817,834 shares of the software maker’s stock worth $279,604,000 after buying an additional 49,315 shares during the last quarter. Neuberger Berman Group LLC increased its position in Manhattan Associates by 0.7% in the second quarter. Neuberger Berman Group LLC now owns 4,540,884 shares of the software maker’s stock worth $218,235,000 after buying an additional 30,624 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Manhattan Associates by 219.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock worth $89,799,000 after buying an additional 1,284,125 shares during the last quarter. Finally, State Street Corp increased its position in Manhattan Associates by 0.3% in the second quarter. State Street Corp now owns 1,867,895 shares of the software maker’s stock worth $89,771,000 after buying an additional 5,533 shares during the last quarter.

Manhattan Associates Company Profile

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.

Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

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