Manhattan Associates (MANH) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manhattan Associates in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MANH shares.
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5 brokerages have issued twelve-month target prices for Manhattan Associates' shares. Their MANH share price forecasts range from $175.00 to $230.00. On average, they expect the company's stock price to reach $210.67 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
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Manhattan Associates' stock was trading at $121.40 at the beginning of 2023. Since then, MANH stock has increased by 60.2% and is now trading at $194.45.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Manhattan Associates, Inc. (NASDAQ:MANH) released its quarterly earnings results on Tuesday, July, 25th. The software maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.13. The software maker had revenue of $231.02 million for the quarter, compared to analyst estimates of $216.43 million. Manhattan Associates had a trailing twelve-month return on equity of 75.18% and a net margin of 17.21%.

ETFs with the largest weight of Manhattan Associates (NASDAQ:MANH) stock in their portfolio include American Century Mid Cap Growth Impact (MID), Invesco S&P MidCap Quality ETF (XMHQ), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Invesco Focused Discovery Growth ETF (IVDG), Alger Mid Cap 40 ETF (FRTY), Invesco Dynamic Software ETF (PSJ), Franklin Disruptive Commerce ETF (BUYZ) and Invesco Dorsey Wright Technology Momentum ETF (PTF).

Manhattan Associates issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $3.07-$3.11 for the period, compared to the consensus estimate of $2.88. The company issued revenue guidance of $886.00 million-$894.00 million, compared to the consensus revenue estimate of $862.71 million.

478 employees have rated Manhattan Associates Chief Executive Officer Eddie Capel on Glassdoor.com. Eddie Capel has an approval rating of 94% among the company's employees. This puts Eddie Capel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Cisco Systems (CSCO), Broadcom (AVGO), Gilead Sciences (GILD), NIKE (NKE), Procter & Gamble (PG), Visa (V), AbbVie (ABBV), Activision Blizzard (ATVI), Pfizer (PFE) and QUALCOMM (QCOM).

Manhattan Associates trades on the NASDAQ under the ticker symbol "MANH."

Manhattan Associates' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.45%), Alliancebernstein L.P. (5.30%), Kayne Anderson Rudnick Investment Management LLC (4.37%), Brown Capital Management LLC (2.88%), State Street Corp (2.82%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include Bruce Richards, Deepak Raghavan, Dennis B Story, Eddie Capel, Edmond Eger, James Stewart Gantt, John J Huntz Jr, John J Huntz, Jr, Linda T Hollembaek, Thomas E Noonan, Thomas E Noonan and Topline Capital Partners, Lp.
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Shares of MANH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MANH stock can currently be purchased for approximately $194.45.

Manhattan Associates (NASDAQ:MANH) has a market capitalization of $11.99 billion and generates $767.08 million in revenue each year. The software maker earns $128.96 million in net income (profit) each year or $2.32 on an earnings per share basis.

The company employs 4,150 workers across the globe.

Manhattan Associates' mailing address is 2300 WINDY RIDGE PARKWAY TENTH FLOOR, ATLANTA GA, 30339. The official website for the company is www.manh.com. The software maker can be reached via phone at (770) 955-7070, via email at mhumphries@manh.com, or via fax at 770-955-0302.