News coverage about Manhattan Associates (NASDAQ:MANH) has been trending positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manhattan Associates earned a news impact score of 0.27 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 47.0024078015485 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
Shares of Manhattan Associates (NASDAQ MANH) traded up $0.52 on Friday, hitting $46.30. The stock had a trading volume of 692,473 shares, compared to its average volume of 527,692. The stock has a market cap of $3,191.60, a PE ratio of 26.16 and a beta of 1.15. Manhattan Associates has a twelve month low of $40.75 and a twelve month high of $55.74.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The firm had revenue of $152.88 million for the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. equities analysts predict that Manhattan Associates will post 1.75 earnings per share for the current year.
MANH has been the topic of a number of research analyst reports. Zacks Investment Research cut Manhattan Associates from a “hold” rating to a “sell” rating in a report on Monday, December 11th. SunTrust Banks raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub raised Manhattan Associates from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.00.
In other news, CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the transaction, the chief executive officer now owns 180,057 shares of the company’s stock, valued at approximately $7,569,596.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.01% of the company’s stock.
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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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