Manhattan Associates Stock Price, Forecast & Analysis (NASDAQ:MANH)

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

Manhattan Associates declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 7th 2018, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) announced its earnings results on Tuesday, October, 22nd. The software maker reported $0.51 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.15. The software maker had revenue of $162.27 million for 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%. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Manhattan Associates.

Manhattan Associates updated its FY 2019 earnings guidance on Tuesday, October, 22nd. The company provided earnings per share (EPS) guidance of $1.63-1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48. The company issued revenue guidance of $610-614 million, compared to the consensus revenue estimate of $600.92 million.

3 equities research analysts have issued 1 year price objectives for Manhattan Associates' shares. Their forecasts range from $90.00 to $100.00. On average, they expect Manhattan Associates' stock price to reach $94.00 in the next twelve months. This suggests a possible upside of 25.1% from the stock's current price. View Analyst Price Targets for Manhattan Associates.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manhattan Associates in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Manhattan Associates.

News articles about MANH stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Manhattan Associates earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Manhattan Associates.

Manhattan Associates saw a decrease in short interest in October. As of October 15th, there was short interest totalling 4,740,000 shares, a decrease of 9.4% from the September 15th total of 5,230,000 shares. Based on an average daily trading volume, of 556,800 shares, the days-to-cover ratio is presently 8.5 days. Approximately 7.5% of the shares of the stock are short sold. View Manhattan Associates' Current Options Chain.

Some companies that are related to Manhattan Associates include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Autodesk (ADSK), Synopsys (SNPS), Cadence Design Systems (CDNS), Splunk (SPLK), ANSYS (ANSS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO) and Guidewire Software (GWRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Aralez Pharmaceuticals (ARLZ), Starbucks (SBUX), Nike (NKE), Visa (V), Gilead Sciences (GILD), Netflix (NFLX), Skyworks Solutions (SWKS), Broadcom (AVGO), Celgene (CELG) and Cisco Systems (CSCO).

Manhattan Associates' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Stephens Investment Management Group LLC (1.11%), Boston Trust Walden Corp (0.82%), First Trust Advisors LP (0.60%), Public Employees Retirement Association of Colorado (0.38%), Robeco Institutional Asset Management B.V. (0.30%) and Rhumbline Advisers (0.28%). Company insiders that own Manhattan Associates stock include Bruce Richards, Dennis B Story, Eddie Capel, Edmond Eger, John J Huntz Jr and Robert G Howell. View Institutional Ownership Trends for Manhattan Associates.

MANH stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, WCM Investment Management LLC, Denali Advisors LLC, Boston Trust Walden Corp, Robeco Institutional Asset Management B.V., Douglas Lane & Associates LLC, West Coast Financial LLC and Stephens Investment Management Group LLC. Company insiders that have sold Manhattan Associates company stock in the last year include Bruce Richards, Dennis B Story, Eddie Capel, John J Huntz Jr and Robert G Howell. View Insider Buying and Selling for Manhattan Associates.

MANH stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Public Employees Retirement Association of Colorado, Convergence Investment Partners LLC, ARP Americas LP, Great Lakes Advisors LLC and Balasa Dinverno & Foltz LLC. View Insider Buying and Selling for Manhattan Associates.

Shares of MANH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MANH stock can currently be purchased for approximately $75.16.

Manhattan Associates has a market capitalization of $4.80 billion and generates $559.16 million in revenue each year. The software maker earns $104.69 million in net income (profit) each year or $1.58 on an earnings per share basis. Manhattan Associates employs 3,000 workers across the globe.View Additional Information About Manhattan Associates.

The official website for Manhattan Associates is http://www.manh.com/.

Manhattan Associates' mailing address is 2300 WINDY RIDGE PARKWAY TENTH FLOOR, ATLANTA GA, 30339. The software maker can be reached via phone at 770-955-7070 or via email at [email protected]