Media stories about Manhattan Associates (NASDAQ:MANH) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. 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 0.10 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.2496199948226 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Equities Analysts Set Expectations for Manhattan Associates, Inc.’s Q1 2018 Earnings (MANH) (americanbankingnews.com)
- Q1 2018 EPS Estimates for Manhattan Associates, Inc. (MANH) Cut by Analyst (americanbankingnews.com)
- Manhattan Associates (MANH) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- The Capones’ Foray Into the Dairy Business (atlasobscura.com)
- Manhattan Associates Inc (MANH) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
Shares of Manhattan Associates (MANH) traded up $1.50 during mid-day trading on Thursday, reaching $42.91. 1,016,100 shares of the company’s stock were exchanged, compared to its average volume of 832,918. Manhattan Associates has a one year low of $39.63 and a one year high of $54.21. The stock has a market capitalization of $2,814.65, a P/E ratio of 25.54 and a beta of 1.08.
Manhattan Associates announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Several equities analysts have issued reports on MANH shares. BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Saturday, November 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.00.
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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.
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