News coverage about Manhattan Associates (NASDAQ:MANH) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manhattan Associates earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 45.9694494419774 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms recently weighed in on MANH. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. KeyCorp restated a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. BidaskClub upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, October 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Manhattan Associates currently has a consensus rating of “Hold” and an average target price of $60.00.
Shares of Manhattan Associates (NASDAQ:MANH) traded down $0.47 during mid-day trading on Tuesday, hitting $51.97. The stock had a trading volume of 430,900 shares, compared to its average volume of 550,783. Manhattan Associates has a one year low of $40.75 and a one year high of $53.18. The firm has a market capitalization of $3,580.00, a price-to-earnings ratio of 29.87 and a beta of 1.15.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The company had revenue of $152.88 million during the quarter, compared to analyst estimates of $150.30 million. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. sell-side analysts predict that Manhattan Associates will post 1.75 earnings per share for the current fiscal year.
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 sale, the chief executive officer now directly owns 180,057 shares in the company, valued at $7,569,596.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.01% of the stock is owned by insiders.
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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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