Manhattan Associates Inc. (NASDAQ:MANH)‘s stock had its “buy” rating reissued by research analysts at Brean Capital in a research report issued to clients and investors on Thursday. They currently have a $75.00 price objective on the stock. Brean Capital’s price target points to a potential upside of 32.09% from the stock’s current price.
MANH has been the topic of a number of other reports. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Raymond James Financial Inc. reissued an “outperform” rating and set a $74.00 price target (down from $75.00) on shares of Manhattan Associates in a research note on Friday, July 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.17.
Shares of Manhattan Associates (NASDAQ:MANH) opened at 56.78 on Thursday. Manhattan Associates has a 1-year low of $44.14 and a 1-year high of $77.75. The company’s 50-day moving average price is $58.60 and its 200-day moving average price is $60.88. The company has a market capitalization of $4.07 billion, a PE ratio of 35.94 and a beta of 1.31.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.49 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $154.90 million for the quarter, compared to analyst estimates of $153.75 million. During the same period last year, the firm posted $0.37 earnings per share. On average, equities analysts expect that Manhattan Associates will post $1.79 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Manhattan Associates by 44.9% in the first quarter. Wellington Management Group LLP now owns 878,339 shares of the company’s stock worth $49,951,000 after buying an additional 272,025 shares in the last quarter. State Street Corp raised its position in Manhattan Associates by 1.4% in the first quarter. State Street Corp now owns 2,440,798 shares of the company’s stock worth $138,804,000 after buying an additional 34,235 shares in the last quarter. Geode Capital Management LLC raised its position in Manhattan Associates by 2.1% in the first quarter. Geode Capital Management LLC now owns 490,552 shares of the company’s stock worth $27,897,000 after buying an additional 10,200 shares in the last quarter. Monarch Partners Asset Management LLC raised its position in Manhattan Associates by 17.5% in the second quarter. Monarch Partners Asset Management LLC now owns 264,915 shares of the company’s stock worth $16,989,000 after buying an additional 39,525 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Manhattan Associates by 6.2% in the second quarter. Douglas Lane & Associates LLC now owns 383,942 shares of the company’s stock worth $24,622,000 after buying an additional 22,245 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
About Manhattan Associates
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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