Manhattan Associates (NASDAQ:MANH) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday, BidAskClub reports.
Several other equities analysts have also recently weighed in on MANH. SunTrust Banks lifted their target price on Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, October 29th. ValuEngine cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.00.
NASDAQ:MANH opened at $83.51 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. Manhattan Associates has a fifty-two week low of $39.01 and a fifty-two week high of $89.53. The stock’s 50-day moving average is $78.82 and its two-hundred day moving average is $76.59. The stock has a market cap of $5.38 billion, a PE ratio of 52.85 and a beta of 1.45.
Manhattan Associates (NASDAQ:MANH) last released its 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. Manhattan Associates had a return on equity of 63.78% and a net margin of 15.58%. The company had revenue of $162.27 million for the quarter, compared to analysts’ expectations of $151.64 million. During the same quarter in the previous year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts anticipate that Manhattan Associates will post 1.27 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Manhattan Associates during the 2nd quarter valued at about $40,000. CWM LLC lifted its holdings in shares of Manhattan Associates by 25.4% during the 2nd quarter. CWM LLC now owns 647 shares of the software maker’s stock valued at $45,000 after buying an additional 131 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at about $73,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Manhattan Associates during the 2nd quarter valued at about $111,000. Finally, HM Payson & Co. acquired a new stake in shares of Manhattan Associates during the 2nd 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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