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 initiated a stock repurchase plan 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) issued its earnings results on Tuesday, April, 23rd. The software maker reported $0.32 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.34 by $0.02. The software maker earned $148.40 million during the quarter, compared to analysts' expectations of $137.55 million. Manhattan Associates had a net margin of 17.85% and a return on equity of 74.69%. The firm's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Tuesday, July 23rd 2019. View Earnings Estimates for Manhattan Associates.

Manhattan Associates issued an update on its FY19 earnings guidance on Tuesday, April, 23rd. The company provided EPS guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.41. The company issued revenue guidance of $582-592 million, compared to the consensus revenue estimate of $570.91 million.Manhattan Associates also updated its FY 2019 guidance to $1.42-1.46 EPS.

2 brokerages have issued 1-year price targets for Manhattan Associates' stock. Their forecasts range from $59.02 to $60.00. On average, they anticipate Manhattan Associates' stock price to reach $59.51 in the next year. This suggests that the stock has a possible downside of 9.8%. View Analyst Price Targets for Manhattan Associates.

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

Media headlines about MANH stock have been trending somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive press 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 nearest to five being the most favorable. Manhattan Associates earned a media sentiment score of 1.1 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near term.

Some companies that are related to Manhattan Associates include SS&C Technologies (SSNC), Twilio (TWLO), ANSYS (ANSS), Symantec (SYMC), Citrix Systems (CTXS), PTC (PTC), Paycom Software (PAYC), Okta (OKTA), Atlassian (TEAM), Micro Focus International (MFGP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), The Ultimate Software Group (ULTI), UBISOFT ENTMT S/ADR (UBSFY), Temenos (TMNSF) and Tableau Software (DATA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Aralez Pharmaceuticals (ARLZ), QUALCOMM (QCOM), Cisco Systems (CSCO), Gilead Sciences (GILD), Starbucks (SBUX), Skyworks Solutions (SWKS), Visa (V), Broadcom (AVGO), Biogen (BIIB) and Boeing (BA).

Manhattan Associates' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BTIM Corp. (0.89%), Retirement Systems of Alabama (0.38%), Denali Advisors LLC (0.27%), Douglas Lane & Associates LLC (0.27%), Denali Advisors LLC (0.25%) and West Coast Financial LLC (0.12%). 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 Douglas Lane & Associates LLC, Denali Advisors LLC, Denali Advisors LLC, Virginia Retirement Systems ET AL, State of Alaska Department of Revenue, First Hawaiian Bank and LS Investment Advisors LLC. Company insiders that have sold Manhattan Associates company stock in the last year include Bruce Richards, Dennis B Story, Edmond Eger, 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 BTIM Corp., BNP Paribas Arbitrage SA, Retirement Systems of Alabama, Sciencast Management LP, Strs Ohio, West Coast Financial LLC, Nisa Investment Advisors LLC and Oppenheimer Asset Management 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, Scottrade, Fidelity and Charles Schwab.

One share of MANH stock can currently be purchased for approximately $66.01.

Manhattan Associates has a market capitalization of $4.26 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.

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]