Analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report $138.09 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Manhattan Associates’ earnings, with the lowest sales estimate coming in at $137.40 million and the highest estimate coming in at $139.09 million. Manhattan Associates reported sales of $130.57 million during the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The firm is expected to issue its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Manhattan Associates will report full year sales of $570.17 million for the current fiscal year, with estimates ranging from $570.00 million to $570.34 million. For the next fiscal year, analysts forecast that the company will post sales of $585.89 million, with estimates ranging from $570.15 million to $598.11 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. The company had revenue of $144.37 million for the quarter, compared to the consensus estimate of $139.19 million. During the same quarter last year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

Several equities analysts have commented on MANH shares. ValuEngine upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. BidaskClub upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Finally, Zacks Investment Research downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $56.00.

Shares of MANH stock opened at $55.19 on Tuesday. Manhattan Associates has a 12 month low of $39.01 and a 12 month high of $62.39. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 34.93 and a beta of 1.49.

In other news, VP Bruce Richards sold 5,454 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $55.21, for a total value of $301,115.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John J. Huntz, Jr. sold 2,106 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $53.76, for a total value of $113,218.56. Following the completion of the sale, the director now directly owns 70,530 shares of the company’s stock, valued at $3,791,692.80. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Manhattan Associates by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 718,854 shares of the software maker’s stock worth $30,457,000 after purchasing an additional 31,725 shares during the period. Norges Bank bought a new position in Manhattan Associates in the fourth quarter worth $47,849,000. Amalgamated Bank lifted its position in Manhattan Associates by 58.6% in the fourth quarter. Amalgamated Bank now owns 15,344 shares of the software maker’s stock worth $650,000 after purchasing an additional 5,667 shares during the period. Public Employees Retirement System of Ohio lifted its position in Manhattan Associates by 7.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 242,754 shares of the software maker’s stock worth $10,285,000 after purchasing an additional 16,599 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in Manhattan Associates by 3.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,703 shares of the software maker’s stock worth $708,000 after purchasing an additional 594 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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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