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

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

Manhattan Associates announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th 2018, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) released its quarterly earnings data on Tuesday, July, 23rd. The software maker reported $0.42 EPS for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.17. The software maker had revenue of $154.30 million for the quarter, compared to the consensus estimate of $146 million. Manhattan Associates had a return on equity of 66.00% and a net margin of 16.33%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. 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 issued an update on its FY19 earnings guidance on Tuesday, July, 23rd. The company provided EPS guidance of $1.46-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. The company issued revenue guidance of $598-604 million, compared to the consensus revenue estimate of $588.50 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 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 stories about MANH stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. 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 news impact score of -2.3 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Manhattan Associates.

Manhattan Associates saw a drop in short interest in the month of 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 days-to-cover ratio is currently 12.3 days. Approximately 9.7% of the shares of the company are short sold. View Manhattan Associates' Current Options Chain.

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