Manhattan Associates, Inc. (MANH) Given Average Rating of “Hold” by Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $65.00.

A number of analysts have recently weighed in on MANH shares. SunTrust Banks, Inc. upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th.

Several large investors have recently added to or reduced their stakes in the company. Atlanta Capital Management Co. L L C lifted its position in shares of Manhattan Associates by 1.3% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 7,690,407 shares of the software maker’s stock valued at $369,601,000 after acquiring an additional 98,471 shares during the period. BlackRock Inc. lifted its position in shares of Manhattan Associates by 0.9% during the 2nd quarter. BlackRock Inc. now owns 5,817,834 shares of the software maker’s stock worth $279,604,000 after buying an additional 49,315 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Manhattan Associates by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 4,540,884 shares of the software maker’s stock worth $218,235,000 after buying an additional 30,624 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Manhattan Associates by 219.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock worth $89,799,000 after buying an additional 1,284,125 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Manhattan Associates by 0.3% during the 2nd quarter. State Street Corp now owns 1,867,895 shares of the software maker’s stock worth $89,771,000 after buying an additional 5,533 shares during the last quarter.

Shares of Manhattan Associates (NASDAQ MANH) traded down 1.90% on Wednesday, reaching $45.40. The company had a trading volume of 534,852 shares. The company’s 50-day moving average price is $42.93 and its 200-day moving average price is $45.87. Manhattan Associates has a 52-week low of $40.83 and a 52-week high of $59.60. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 26.23 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm 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 revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, analysts predict that Manhattan Associates will post $1.87 earnings per share for the current year.

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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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