Manhattan Associates, Inc. (NASDAQ:MANH) Receives Consensus Rating of “Buy” from Brokerages

Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $184.00.

MANH has been the subject of several research reports. StockNews.com raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Raymond James raised Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Tuesday, March 22nd. Finally, Rosenblatt Securities dropped their price target on Manhattan Associates from $195.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 2nd.

Shares of MANH opened at $132.41 on Friday. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 76.98 and a beta of 1.98. The business’s fifty day simple moving average is $135.26 and its two-hundred day simple moving average is $146.28. Manhattan Associates has a 12 month low of $122.43 and a 12 month high of $188.52.

Manhattan Associates (NASDAQ:MANHGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The software maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. Manhattan Associates had a return on equity of 47.22% and a net margin of 16.65%. During the same quarter in the previous year, the firm earned $0.29 EPS. Equities analysts expect that Manhattan Associates will post 1.39 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Manhattan Associates by 38.6% in the 3rd quarter. Invesco Ltd. now owns 2,955,023 shares of the software maker’s stock worth $452,206,000 after buying an additional 822,685 shares during the period. Norges Bank purchased a new position in Manhattan Associates during the fourth quarter valued at $93,619,000. BlackRock Inc. grew its position in shares of Manhattan Associates by 3.8% during the fourth quarter. BlackRock Inc. now owns 6,043,245 shares of the software maker’s stock valued at $939,665,000 after purchasing an additional 222,084 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Manhattan Associates by 283.4% in the third quarter. Panagora Asset Management Inc. now owns 298,213 shares of the software maker’s stock worth $45,636,000 after purchasing an additional 220,429 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Manhattan Associates by 688.3% in the third quarter. Jupiter Asset Management Ltd. now owns 243,755 shares of the software maker’s stock worth $37,302,000 after buying an additional 212,835 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Company Profile (Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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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Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

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