Manhattan Associates’ (MANH) “Buy” Rating Reaffirmed at Brean Capital
MANH has been the topic of several other research reports. Zacks Investment Research cut Manhattan Associates from a buy rating to a hold rating in a research report on Wednesday, September 21st. Raymond James Financial Inc. restated an outperform rating and issued a $74.00 price target (down previously from $75.00) on shares of Manhattan Associates in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $72.17.
Shares of Manhattan Associates (NASDAQ:MANH) traded down 2.382% during trading on Thursday, reaching $55.945. The company had a trading volume of 251,885 shares. The firm has a market capitalization of $4.01 billion, a P/E ratio of 35.408 and a beta of 1.31. Manhattan Associates has a 12 month low of $44.14 and a 12 month high of $77.75. The firm’s 50 day moving average price is $58.69 and its 200 day moving average price is $60.85.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 19th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a return on equity of 62.72% and a net margin of 19.56%. The company had revenue of $154.90 million for the quarter, compared to analysts’ expectations of $153.75 million. During the same quarter in the previous year, the firm posted $0.37 EPS. Equities analysts predict that Manhattan Associates will post $1.79 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Parametrica Management Ltd bought a new stake in Manhattan Associates during the third quarter worth about $340,000. Genesee Valley Trust Co. bought a new stake in Manhattan Associates during the third quarter worth about $280,000. British Columbia Investment Management Corp raised its stake in Manhattan Associates by 8.0% in the third quarter. British Columbia Investment Management Corp now owns 162,000 shares of the company’s stock worth $9,334,000 after buying an additional 12,000 shares during the last quarter. Algert Global LLC raised its stake in Manhattan Associates by 95.1% in the third quarter. Algert Global LLC now owns 25,668 shares of the company’s stock worth $1,479,000 after buying an additional 12,514 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Manhattan Associates by 3.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,434 shares of the company’s stock worth $1,466,000 after buying an additional 797 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other 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.
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