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

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

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

Manhattan Associates, Inc. (NASDAQ:MANH) posted its quarterly earnings results on Tuesday, July, 23rd. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.17. The software maker had revenue of $154.30 million for the quarter, compared to analyst estimates of $146 million. Manhattan Associates had a net margin of 16.33% and a return on equity of 66.00%. Manhattan Associates's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for Manhattan Associates.

Manhattan Associates updated its FY19 earnings guidance on Tuesday, July, 23rd. The company provided earnings per share (EPS) guidance of $1.46-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44. The company issued revenue guidance of $598-604 million, compared to the consensus revenue estimate of $588.50 million.

3 Wall Street analysts have issued 12 month target prices for Manhattan Associates' shares. Their forecasts range from $90.00 to $100.00. On average, they expect Manhattan Associates' share price to reach $94.00 in the next twelve months. This suggests a possible upside of 12.4% 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.

Media coverage about MANH stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Manhattan Associates earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Manhattan Associates.

Manhattan Associates saw a drop in short interest in July. As of July 31st, there was short interest totalling 6,206,700 shares, a drop of 14.0% from the June 30th total of 7,218,100 shares. Based on an average daily volume of 503,200 shares, the short-interest ratio is currently 12.3 days. Approximately 9.7% of the company's stock are short sold. View Manhattan Associates' Current Options Chain.

Some companies that are related to Manhattan Associates include Synopsys (SNPS), Cadence Design Systems (CDNS), Crowdstrike (CRWD), Splunk (SPLK), CA (CA), ANSYS (ANSS), Twilio (TWLO), Check Point Software Technologies (CHKP), Atlassian (TEAM), Tableau Software (DATA), Okta (OKTA), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Symantec (SYMC), Paycom Software (PAYC) and Citrix Systems (CTXS).

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

Manhattan Associates' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Atlanta Capital Management Co. L L C (11.09%), Vanguard Group Inc. (10.45%), BlackRock Inc. (9.83%), Brown Capital Management LLC (9.81%), RGM Capital LLC (2.86%) and Kayne Anderson Rudnick Investment Management LLC (1.99%). 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 Brown Capital Management LLC, Atlanta Capital Management Co. L L C, RGM Capital LLC, Prudential Financial Inc., Bank of America Corp DE, Douglas Lane & Associates LLC, Northern Trust Corp and WCM Investment Management 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 purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Canada Pension Plan Investment Board, Nuveen Asset Management LLC, First Trust Advisors LP, BlackRock Inc., Acadian Asset Management LLC, D. E. Shaw & Co. Inc. and Janus Henderson Group PLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of MANH stock can currently be purchased for approximately $83.60.

Manhattan Associates has a market capitalization of $5.38 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]