NASDAQ:MANH - Manhattan Associates Stock Price, Price Target & More

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

Manhattan Associates declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th 2018, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) issued its quarterly earnings data on Tuesday, April, 24th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.06. The software maker earned $130.60 million during the quarter, compared to the consensus estimate of $129.92 million. Manhattan Associates had a return on equity of 68.51% and a net margin of 19.07%. The company's revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Manhattan Associates.

Manhattan Associates updated its FY18 earnings guidance on Tuesday, April, 24th. The company provided earnings per share guidance of $1.48-1.52 for the period, compared to the Thomson Reuters consensus estimate of $1.50. The company issued revenue guidance of $546-558 million, compared to the consensus revenue estimate of $550.47 million.

3 brokerages have issued 12 month price targets for Manhattan Associates' shares. Their predictions range from $55.00 to $65.00. On average, they expect Manhattan Associates' share price to reach $60.00 in the next year. This suggests a possible upside of 19.8% from the stock's current price. View Analyst Ratings for Manhattan Associates.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manhattan Associates in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Manhattan Associates include SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Dropbox (DBX), Veeva Systems (VEEV), PTC (PTC), Temenos (TMNSF), Nutanix (NTNX), Tyler Technologies (TYL), Momo (MOMO), Tableau Software Inc Class A (DATA), The Ultimate Software Group (ULTI), Docusign (DOCU), Black Knight (BKI), Trend Micro (TMICY) and Guidewire Software (GWRE).

Media coverage about MANH stock has been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manhattan Associates earned a media sentiment score of 0.10 on Accern's scale. They also gave news stories about the software maker an impact score of 45.62 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Manhattan Associates' stock is owned by many different of retail and institutional investors. Top institutional investors include American Capital Management Inc. (2.02%), Retirement Systems of Alabama (0.28%), Amalgamated Bank (0.02%), Municipal Employees Retirement System of Michigan (0.02%), Fox Run Management L.L.C. (0.01%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Manhattan Associates stock include Bruce Richards, Dennis B Story, Eddie Capel and John J Huntz Jr. View Institutional Ownership Trends for Manhattan Associates.

MANH stock was sold by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, American Capital Management Inc., Huntington National Bank and Fox Run Management L.L.C.. Company insiders that have sold Manhattan Associates company stock in the last year include Bruce Richards, Dennis B Story, Eddie Capel and John J Huntz Jr. View Insider Buying and Selling for Manhattan Associates.

MANH stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Denali Advisors LLC, Hartford Investment Management Co., State of Alaska Department of Revenue and Amalgamated Bank. 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 $50.09.

Manhattan Associates has a market capitalization of $3.35 billion and generates $594.60 million in revenue each year. The software maker earns $116.48 million in net income (profit) each year or $1.72 on an earnings per share basis. Manhattan Associates employs 2,790 workers across the globe.

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]