Manhattan Associates, Inc. (NASDAQ:MANH) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $59.51.
Several equities research analysts recently commented on MANH shares. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Saturday, April 27th. BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, SunTrust Banks lowered shares of KEYW from a “buy” rating to a “hold” rating and lifted their price target for the stock from $11.00 to $11.25 in a research note on Monday, April 22nd.
Shares of Manhattan Associates stock traded up $0.81 during trading on Friday, hitting $71.26. 5,120 shares of the stock were exchanged, compared to its average volume of 398,317. The company has a market cap of $4.60 billion, a PE ratio of 45.10 and a beta of 1.45. The business’s 50-day simple moving average is $67.80. Manhattan Associates has a 12-month low of $39.01 and a 12-month high of $71.30. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Manhattan Associates had a return on equity of 73.80% and a net margin of 17.85%. The firm had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $137.55 million. During the same period last year, the firm posted $0.37 earnings per share. Manhattan Associates’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts forecast that Manhattan Associates will post 1.09 earnings per share for the current year.
A number of large investors have recently made changes to their positions in MANH. NN Investment Partners Holdings N.V. purchased a new stake in Manhattan Associates during the second quarter worth about $652,000. Truewealth LLC purchased a new stake in Manhattan Associates during the second quarter worth about $25,000. Zions Bancorporation N.A. boosted its holdings in Manhattan Associates by 6.0% during the second quarter. Zions Bancorporation N.A. now owns 3,758 shares of the software maker’s stock worth $261,000 after buying an additional 213 shares in the last quarter. Sepio Capital LLC boosted its holdings in Manhattan Associates by 12.1% during the first quarter. Sepio Capital LLC now owns 17,308 shares of the software maker’s stock worth $954,000 after buying an additional 1,863 shares in the last quarter. Finally, GYL Financial Synergies LLC purchased a new stake in Manhattan Associates during the first quarter worth about $2,103,000.
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 offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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