Positive Press Coverage Somewhat Unlikely to Impact Manhattan Associates (MANH) Stock Price

Evarado Alatorre
Diciembre 18, 2017

Wall Street analysts predict that Manhattan Associates, Inc. Four analysts have made estimates for Manhattan Associates' earnings. The business's revenue for the quarter was down 4.3% compared to the same quarter previous year. The business is expected to announce its next earnings results on Tuesday, January 30th. Century Capital Mngmt Lc reported 68,920 shares stake. For the next fiscal year, analysts forecast that the company will post sales of $559.18 million per share, with estimates ranging from $557.60 million to $560.39 million. Acquires 2,581 Shares of Manhattan Associates, Inc. (NASDAQ:MANH). Great West Life Assurance Can invested 0.01% in Manhattan Associates, Inc. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.49 by $0.02. The firm had revenue of $143.49 million for the quarter, compared to analyst estimates of $146.49 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The business's revenue was up.4% on a year-over-year basis.

MANH has been the topic of a number of research analyst reports. Zacks Investment Research lowered Manhattan Associates from a "hold" rating to a "sell" rating in a report on Monday, December 11th. Finally, KeyCorp reiterated a "hold" rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. SunTrust Banks upgraded shares of Manhattan Associates from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Benchmark has "Buy" rating and $65.0 target.

In other news, CEO Eddie Capel sold 23,000 shares of the business's stock in a transaction dated 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 approximately $7,569,596.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Moreover, Brown Capital Management Llc has 3.91% invested in the company for 6.64 million shares. Seekingalpha.com's article titled: "Manhattan Associates Inc.: Buybacks, New Software, Zero Debt, And Upside Potential" and published on October 17, 2017 is yet another important article. Northeast Inv owns 9,825 shares. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in Manhattan Associates by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker's stock worth $123,000 after buying an additional 271 shares in the last quarter. Manhattan Associates posted sales of $154.89 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.6%. Renaissance Technologies LLC raised its position in Manhattan Associates by 6.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker's stock valued at $89,799,000 after buying an additional 1,284,125 shares during the last quarter. (MANH) traded up $0.52 during midday trading on Friday, reaching $46.30. The firm has a market capitalization of $3,230.00, a PE ratio of 25.86 and a beta of 1.15.

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

Sei Investments Co. boosted its holdings in shares of Manhattan Associates, Inc. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and worldwide trademark and copyright law. It provides supply chain solutions, such as distribution management, transportation management, and visibility solutions; omni-channel central and local solutions; and inventory optimization and planning solutions.

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