Manhattan Associates (NASDAQ:MANH) Sets New 1-Year Low at $111.00

Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating)’s share price hit a new 52-week low on Monday . The stock traded as low as $111.00 and last traded at $111.36, with a volume of 1835 shares trading hands. The stock had previously closed at $118.50.

Several analysts recently weighed in on the company. Raymond James raised Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a report on Tuesday, March 22nd. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $184.00.

The firm has a market capitalization of $7.00 billion, a P/E ratio of 64.05 and a beta of 1.90. The business has a fifty day moving average of $127.20 and a 200-day moving average of $135.18.

Manhattan Associates (NASDAQ:MANH – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The software maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Manhattan Associates had a return on equity of 51.60% and a net margin of 17.27%. The business had revenue of $178.96 million during the quarter, compared to analyst estimates of $168.81 million. During the same period in the prior year, the company posted $0.29 EPS. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 1.45 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Advisor Partners LLC grew its holdings in Manhattan Associates by 4.7% in the 1st quarter. Advisor Partners LLC now owns 1,858 shares of the software maker’s stock worth $258,000 after buying an additional 84 shares in the last quarter. People s United Financial Inc. lifted its position in Manhattan Associates by 1.1% in the first quarter. People s United Financial Inc. now owns 7,997 shares of the software maker’s stock worth $1,109,000 after purchasing an additional 90 shares during the period. Prudential PLC lifted its position in Manhattan Associates by 0.9% in the first quarter. Prudential PLC now owns 10,454 shares of the software maker’s stock worth $1,450,000 after purchasing an additional 90 shares during the period. Hancock Whitney Corp lifted its position in Manhattan Associates by 0.5% in the fourth quarter. Hancock Whitney Corp now owns 16,897 shares of the software maker’s stock worth $2,628,000 after purchasing an additional 92 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in Manhattan Associates by 13.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 777 shares of the software maker’s stock worth $121,000 after purchasing an additional 94 shares during the period. 96.76% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Company Profile (NASDAQ:MANH)

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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