NASDAQ:MANH - Manhattan Associates Stock Price, Forecast & News

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

Manhattan Associates declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th 2018, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) released its quarterly earnings data on Tuesday, October, 22nd. The software maker reported $0.51 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.36 by $0.15. The software maker had revenue of $162.27 million for the quarter, compared to analysts' expectations of $151.64 million. Manhattan Associates had a net margin of 15.58% and a return on equity of 63.78%. Manhattan Associates's revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. 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 issued an update on 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 estimate of $1.48. The company issued revenue guidance of $610-614 million, compared to the consensus revenue estimate of $600.92 million.

3 analysts have issued 1-year price targets 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 14.9% 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.

Press coverage about MANH stock has trended very negative this week, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Manhattan Associates earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Manhattan Associates.

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

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

Manhattan Associates' stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (2.51%), Stephens Investment Management Group LLC (1.11%), Disciplined Growth Investors Inc. MN (0.86%), Boston Trust Walden Corp (0.82%), Man Group plc (0.68%) and First Trust Advisors LP (0.60%). 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 Disciplined Growth Investors Inc. MN, Retirement Systems of Alabama, WCM Investment Management LLC, Man Group plc, Denali Advisors LLC, Millennium Management LLC, Boston Trust Walden Corp and State Street Corp. 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 purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Castleark Management LLC, State of New Jersey Common Pension Fund D, Squarepoint Ops LLC, California Public Employees Retirement System, Voloridge Investment Management LLC, Public Employees Retirement Association of Colorado and Convergence Investment Partners 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 $81.83.

Manhattan Associates has a market capitalization of $5.23 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]