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

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

Manhattan Associates declared that its board has approved a stock repurchase program 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) posted its quarterly earnings results on Tuesday, October, 22nd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.36 by $0.15. The software maker earned $162.27 million during the quarter, compared to analyst estimates of $151.64 million. Manhattan Associates had a return on equity of 63.78% and a net margin of 15.58%. Manhattan Associates's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Manhattan Associates.

Manhattan Associates will be holding an earnings conference call on Tuesday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3 equities research analysts have issued twelve-month price objectives for Manhattan Associates' shares. Their forecasts range from $90.00 to $100.00. On average, they anticipate Manhattan Associates' share price to reach $94.00 in the next twelve months. This suggests a possible upside of 11.6% 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 headlines about MANH stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Manhattan Associates earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Manhattan Associates.

Manhattan Associates saw a increase in short interest during the month of December. As of December 13th, there was short interest totalling 4,900,000 shares, an increase of 13.2% from the November 28th total of 4,330,000 shares. Based on an average trading volume of 518,300 shares, the days-to-cover ratio is presently 9.5 days. Approximately 7.8% of the company's stock are sold short. View Manhattan Associates' Current Options Chain.

Some companies that are related to Manhattan Associates include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), Synopsys (SNPS), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS) and Aspen Technology (AZPN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Gilead Sciences (GILD), Nike (NKE), Visa (V), Broadcom (AVGO), Netflix (NFLX), Starbucks (SBUX), AT&T (T), Cisco Systems (CSCO), Skyworks Solutions (SWKS) and Allergan (AGN).

Manhattan Associates' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (0.79%), Assenagon Asset Management S.A. (0.20%), West Coast Financial LLC (0.07%), State of Alaska Department of Revenue (0.02%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%) and Alpine Global Management LLC (0.01%). 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 Boston Trust Walden Corp, State of Alaska Department of Revenue, Huntington National Bank, Raymond James Trust N.A. and Somerset Trust Co. 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 Assenagon Asset Management S.A., Alpine Global Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , IFP Advisors Inc and West Coast Financial LLC. 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 $84.24.

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]