Manhattan Associates (MANH) Receives News Sentiment Rating of 0.15
News headlines about Manhattan Associates (NASDAQ:MANH) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manhattan Associates earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.9694494419774 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s rankings:
- Tianma Reduces Logistics and Distribution Manpower by 13 Percent with Manhattan SCALE™ – GlobeNewswire (press release) (globenewswire.com)
- Zacks: Brokerages Expect Manhattan Associates, Inc. (MANH) Will Post Quarterly Sales of $144.58 Million (americanbankingnews.com)
- Manhattan Associates Announces Date for Reporting Fourth Quarter 2017 Financial Results (finance.yahoo.com)
- $0.45 Earnings Per Share Expected for Manhattan Associates, Inc. (MANH) This Quarter (americanbankingnews.com)
Manhattan Associates (NASDAQ:MANH) traded down $1.86 during midday trading on Tuesday, hitting $50.40. 617,694 shares of the company’s stock were exchanged, compared to its average volume of 662,367. The company has a market capitalization of $3,600.00, a PE ratio of 28.97 and a beta of 1.15. Manhattan Associates has a 12-month low of $40.75 and a 12-month high of $52.80.
A number of analysts have weighed in on MANH shares. SunTrust Banks raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Finally, BidaskClub raised shares of Manhattan Associates from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.00.
In other news, CEO Eddie Capel sold 23,000 shares of Manhattan Associates stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total transaction of $966,920.00. Following the transaction, the chief executive officer now owns 180,057 shares in the company, valued at $7,569,596.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.01% of the stock is currently owned by insiders.
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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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