Shares of Manhattan Associates (NASDAQ:MANH) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $55.00.
Several research firms have recently commented on MANH. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. TheStreet downgraded shares of Manhattan Associates from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. ValuEngine downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th.
In other Manhattan Associates news, VP Bruce Richards sold 5,600 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $45.07, for a total value of $252,392.00. Following the completion of the sale, the vice president now directly owns 28,560 shares of the company’s stock, valued at approximately $1,287,199.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Huntz, Jr. sold 3,592 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $45.52, for a total transaction of $163,507.84. Following the transaction, the director now directly owns 70,799 shares of the company’s stock, valued at $3,222,770.48. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.
NASDAQ:MANH opened at $41.47 on Friday. The stock has a market cap of $2,771.00, a PE ratio of 23.70 and a beta of 1.23. Manhattan Associates has a one year low of $39.10 and a one year high of $54.21.
Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $144.09 million during the quarter, compared to the consensus estimate of $144.86 million. Manhattan Associates had a net margin of 19.59% and a return on equity of 72.02%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. research analysts anticipate that Manhattan Associates will post 1.29 EPS for the current year.
Manhattan Associates announced that its Board of Directors has initiated a share buyback program on Tuesday, February 6th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
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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