KeyCorp restated their hold rating on shares of Manhattan Associates, Inc. (NASDAQ:MANH) in a research note released on Tuesday, October 17th.
MANH has been the topic of several other reports. SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a report on Monday, June 26th. They issued a hold rating and a $45.00 price objective on the stock. Zacks Investment Research upgraded shares of Manhattan Associates from a sell rating to a hold rating in a report on Tuesday, August 29th. Finally, BidaskClub lowered shares of Manhattan Associates from a hold rating to a sell rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $65.00.
Shares of Manhattan Associates (MANH) traded down 4.11% during midday trading on Tuesday, reaching $43.83. The company’s stock had a trading volume of 634,693 shares. The company has a market cap of $3.02 billion, a PE ratio of 25.32 and a beta of 1.12. Manhattan Associates has a 12 month low of $40.83 and a 12 month high of $55.74. The company’s 50-day moving average price is $44.71 and its 200-day moving average price is $45.55.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. Manhattan Associates had a net margin of 21.32% and a return on equity of 74.28%. The firm had revenue of $152.88 million for the quarter, compared to analyst estimates of $150.30 million. During the same period in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Manhattan Associates will post $1.87 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in MANH. BlackRock Inc. lifted its holdings in Manhattan Associates by 14,241.7% during the 1st quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock worth $300,250,000 after buying an additional 5,728,297 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in 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 in the last quarter. Koch Industries Inc. lifted its holdings in Manhattan Associates by 5,389.1% during the 2nd quarter. Koch Industries Inc. now owns 729,227 shares of the software maker’s stock worth $714,000 after buying an additional 715,942 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Manhattan Associates by 116.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,066,350 shares of the software maker’s stock worth $51,249,000 after buying an additional 573,226 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Manhattan Associates during the 2nd quarter worth approximately $24,372,000.
About Manhattan Associates
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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