Manhattan Associates Company Profile (NASDAQ:MANH)

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

Manhattan Associates announced that its Board of Directors has initiated a share repurchase program on Monday, April 24th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) released its quarterly earnings data on Thursday, July, 20th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.02. The business earned $154.10 million during the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. Manhattan Associates's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Monday, October, 16th 2017. View Earnings Estimates for Manhattan Associates.

Manhattan Associates issued an update on its FY17 earnings guidance on Thursday, July, 20th. The company provided earnings per share (EPS) guidance of $1.85-1.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.90. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $610.65 million.

4 brokerages have issued 1 year price targets for Manhattan Associates' shares. Their forecasts range from $45.00 to $75.00. On average, they anticipate Manhattan Associates' stock price to reach $61.67 in the next year. View Analyst Ratings for Manhattan Associates.

Here are some recent quotes from research analysts about Manhattan Associates stock:

• 1. According to Zacks Investment Research, "Manhattan Associates is a leading provider of technology-based solutions to improve supply chain effectiveness and efficiencies. The company's solutions enhance distribution efficiencies through the integration of supply chain constituents, including manufacturers, distributors, retailers, suppliers, transportation providers and end consumers. Their solutions consist of software; services, including design, configuration, implementation, and training services, plus customer support and software upgrades; and hardware. " (6/21/2017)
• 2. Benchmark Co. analysts commented, "MANH's December print wasn't the quarter we were looking for, particularly for a Q4. The company's services business continues to weigh on results, resulting in a top line miss and a meaningfully lower revenue guide for 2017. That said, the company executed quite well where it counts, mainly on license growth, operating margins and cash generation. Management called out 2017 as an investment year and it expects an increasing ' though subtle ' mix shift to a subscription revenue model. While we considered stepping aside with a downgrade, it appears that the services business bottoms in Q1, pointing to a resumption of growth in the second half of the year if management can execute as we expect. We're also not big fans of downgrading after a miss. We'll endure through tomorrow's (likely) pain because we think the stock can grind higher and as the company exploits the disruptive trends in omni-channel commerce and supply chain modernizations. We reiterate our Buy rating, though we are lowering our price target $6 to $65." (2/1/2017)

Manhattan Associates saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 7,038,968 shares, an increase of 33.3% from the July 14th total of 5,279,940 shares. Based on an average daily trading volume, of 1,228,615 shares, the short-interest ratio is presently 5.7 days. Approximately 10.3% of the shares of the stock are sold short.

Some companies that are related to Manhattan Associates include CSRA (CSRA), Booz Allen Hamilton Holding Corporation (BAH), GoDaddy (GDDY), Aspen Technology (AZPN), NCR Corporation (NCR), EPAM Systems (EPAM), Medidata Solutions (MDSO), Teradata Corporation (TDC), Proofpoint (PFPT), InterXion Holding N.V. (INXN), DST Systems (DST), SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC), CACI International (CACI), NetScout Systems (NTCT), Black Knight Financial Services (BKFS), Wix.com (WIX), ACI Worldwide (ACIW) and Verint Systems (VRNT).

Manhattan Associates' management team includes the folowing people:

• John J. Huntz Jr., Independent Chairman of the Board
• Eddie Capel, President, Chief Executive Officer, Director
• Dennis B. Story, Chief Financial Officer, Executive Vice President, Treasurer
• Linda C. Pinne, Senior Vice President, Chief Accounting Officer, Global Corporate Controller
• Bruce S. Richards, Senior Vice President, Chief Legal Officer, Secretary
• Robert G. Howell, Senior Vice President - Americas Sales
• Edmond I. Eger III, Independent Director
• John H. Heyman, Independent Director
• Charles E. Moran, Independent Director
• Thomas E. Noonan, Independent Director

Manhattan Associates' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Atlanta Capital Management Co. L L C (11.16%), BlackRock Inc. (8.44%), Vanguard Group Inc. (8.39%), Neuberger Berman Group LLC (6.59%), Kayne Anderson Rudnick Investment Management LLC (2.71%) and State Street Corp (2.71%). Company insiders that own Manhattan Associates stock include Brian J Cassidy, Bruce Richards, Dennis B Story and Eddie Capel. View Institutional Ownership Trends for Manhattan Associates.

Manhattan Associates' stock was sold by a variety of institutional investors in the last quarter, including Geneva Advisors LLC, Vanguard Group Inc., Prudential Financial Inc., Renaissance Technologies LLC, Northeast Investment Management, Stifel Financial Corp, Marshall Wace North America L.P. and Thrivent Financial For Lutherans. View Insider Buying and Selling for Manhattan Associates.

Manhattan Associates' stock was purchased by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Koch Industries Inc., Wells Fargo & Company MN, Vaughan Nelson Investment Management L.P., Nordea Investment Management AB, Prudential PLC, JPMorgan Chase & Co. and Bank of New York Mellon Corp. View Insider Buying and Selling for Manhattan Associates.

Shares of Manhattan Associates can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Manhattan Associates stock can currently be purchased for approximately $41.09.