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 has initiated a share buyback plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are 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 analyst estimates of $146 million. Manhattan Associates had a net margin of 16.33% and a return on equity of 66.00%. The business's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous 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 updated its FY19 earnings guidance on Tuesday, July, 23rd. The company provided earnings per share 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 brokerages have issued 12-month target prices for Manhattan Associates' shares. Their predictions range from $90.00 to $100.00. On average, they expect Manhattan Associates' share price to reach $94.00 in the next year. This suggests a possible upside of 16.1% 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 headlines about MANH stock have trended somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing 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 media sentiment score of 0.9 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Manhattan Associates.

Manhattan Associates saw a decrease in short interest in the month of August. As of August 31st, there was short interest totalling 5,329,200 shares, a decrease of 14.1% from the July 31st total of 6,206,700 shares. Based on an average daily volume of 492,900 shares, the short-interest ratio is currently 10.8 days. Currently, 8.4% of the company's shares are short sold. View Manhattan Associates' Current Options Chain.

Some companies that are related to Manhattan Associates include Veeva Systems (VEEV), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), Check Point Software Technologies (CHKP), Twilio (TWLO), Symantec (SYMC), Atlassian (TEAM), Tableau Software (DATA), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Temenos (TMNSF), Crowdstrike (CRWD), SS&C Technologies (SSNC) 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), Netflix (NFLX), Starbucks (SBUX), Skyworks Solutions (SWKS), Nike (NKE), Broadcom (AVGO), Celgene (CELG) and Cisco Systems (CSCO).

Manhattan Associates' stock is owned by many different of retail and institutional investors. Top institutional investors include Atlanta Capital Management Co. L L C (11.09%), Vanguard Group Inc. (10.45%), BlackRock Inc. (9.83%), BlackRock Inc. (9.83%), Brown Capital Management LLC (9.81%) and RGM Capital LLC (2.86%). 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., BlackRock Inc., Acadian Asset Management LLC and D. E. Shaw & Co. Inc.. 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 $80.98.

Manhattan Associates has a market capitalization of $5.21 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]