Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Recommendation of “Buy” by Brokerages

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $92.00.

Several analysts have commented on MANH shares. ValuEngine lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Manhattan Associates in a research note on Friday, November 8th. SunTrust Banks increased their target price on Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday.

MANH stock opened at $82.55 on Wednesday. Manhattan Associates has a 52-week low of $39.01 and a 52-week high of $89.53. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market cap of $5.34 billion, a P/E ratio of 52.25 and a beta of 1.49. The company’s 50-day simple moving average is $78.54 and its 200-day simple moving average is $76.95.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. The firm had revenue of $162.27 million during the quarter, compared to analyst estimates of $151.64 million. Manhattan Associates had a return on equity of 63.78% and a net margin of 15.58%. Manhattan Associates’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. On average, analysts anticipate that Manhattan Associates will post 1.27 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of Manhattan Associates during the second quarter worth approximately $40,000. CWM LLC grew its holdings in shares of Manhattan Associates by 25.4% during the second quarter. CWM LLC now owns 647 shares of the software maker’s stock worth $45,000 after buying an additional 131 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new stake in shares of Manhattan Associates during the third quarter worth $73,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $111,000. Finally, HM Payson & Co. acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $143,000.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company 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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