NASDAQ:MANHManhattan Associates Stock Price, Forecast & News

Manhattan Associates' stock was trading at $64.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MANH stock has increased by 44.9% and is now trading at $92.84. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manhattan Associates in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Manhattan Associates.

Manhattan Associates is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Manhattan Associates.

Manhattan Associates, Inc. (NASDAQ:MANH) announced its earnings results on Tuesday, April, 21st. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.33 by $0.07. The software maker earned $153.90 million during the quarter, compared to analysts' expectations of $152.55 million. Manhattan Associates had a net margin of 14.01% and a return on equity of 58.45%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. View Manhattan Associates' earnings history.

Manhattan Associates updated its FY 2020 After-Hours earnings guidance on Tuesday, April, 21st. The company provided earnings per share (EPS) guidance of 1.50-1.58 for the period, compared to the Thomson Reuters consensus estimate of $1.35. The company issued revenue guidance of $541-565 million, compared to the consensus revenue estimate of $604.62 million.

6 equities research analysts have issued 1 year price objectives for Manhattan Associates' shares. Their forecasts range from $61.00 to $100.00. On average, they expect Manhattan Associates' stock price to reach $89.00 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. View analysts' price targets for Manhattan Associates.

Headlines about MANH stock have been trending negative recently, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Manhattan Associates earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news stories 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 few days. View the latest news about Manhattan Associates.

Manhattan Associates saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,990,000 shares, a decrease of 12.1% from the June 15th total of 4,540,000 shares. Based on an average daily volume of 755,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 6.4% of the company's shares are short sold. 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), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO) and Guidewire Software (GWRE). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Broadcom (AVGO), Gilead Sciences (GILD), Netflix (NFLX), Starbucks (SBUX), Target (TGT), Nike (NKE), Procter & Gamble (PG), Visa (V), AbbVie (ABBV) and Activision Blizzard (ATVI).

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

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 $92.84.

Manhattan Associates has a market capitalization of $5.90 billion and generates $617.95 million in revenue each year. The software maker earns $85.76 million in net income (profit) each year or $1.32 on an earnings per share basis. Manhattan Associates employs 3,400 workers across the globe.

The official website for Manhattan Associates is 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]