Manhattan Associates (NASDAQ:MANH) Getting Somewhat Positive Media Coverage, Analysis Finds
News stories about Manhattan Associates (NASDAQ:MANH) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manhattan Associates earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.6741085741068 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Manhattan Associates, Inc. (MANH) Ownership Down in Latest Report from Stephens Investment Management Group LLC (highlightpress.com)
- Manhattan Associates, Inc. (MANH) Position Boosted by Congress Asset Management Co. MA (elcumanes.com)
- Manhattan Associates, Inc. (MANH) Sees Large Increase in Short Interest (americanbankingnews.com)
- Zacks: Brokerages Anticipate Manhattan Associates, Inc. (NASDAQ:MANH) Will Post Quarterly Sales of $150.38 Million (americanbankingnews.com)
- OneTrust Announces SmartPrivacy Global Tour in 30 Cities and 14 Countries (finance.yahoo.com)
Several research firms have recently weighed in on MANH. Benchmark Co. cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. BidaskClub raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, SunTrust Banks, Inc. began coverage on Manhattan Associates in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $59.50.
Manhattan Associates (NASDAQ:MANH) traded up 1.54% on Friday, hitting $43.40. The stock had a trading volume of 348,357 shares. The company has a 50-day moving average price of $45.68 and a 200-day moving average price of $47.87. Manhattan Associates has a 52 week low of $42.50 and a 52 week high of $62.14. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 25.07 and a beta of 1.15.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $154.10 million during the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Equities research analysts anticipate that Manhattan Associates will post $1.87 earnings per share for the current fiscal year.
Manhattan Associates declared that its board has initiated a share repurchase plan on Thursday, April 20th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to buy up to 1.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
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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