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 initiated a stock repurchase plan on Wednesday, February 7th 2018, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) released its earnings results on Tuesday, October, 22nd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the 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 company's revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business 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 updated its FY 2019 earnings guidance on Tuesday, October, 22nd. The company provided EPS guidance of $1.63-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48. The company issued revenue guidance of $610-614 million, compared to the consensus revenue estimate of $600.92 million.

3 brokers have issued 12 month price objectives for Manhattan Associates' shares. Their forecasts range from $90.00 to $100.00. On average, they anticipate 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.

News articles about MANH stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Manhattan Associates earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned media coverage about the software maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. 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 institutional and retail investors. Top institutional shareholders 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 bought 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]