Manhattan Associates Stock Forecast, Price & 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 48.7% and is now trading at $95.28.
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7 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Manhattan Associates is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Manhattan Associates, Inc. (NASDAQ:MANH) posted its quarterly earnings data on Thursday, July, 23rd. The software maker reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.06. The software maker earned $135.63 million during the quarter, compared to the consensus estimate of $127.27 million. Manhattan Associates had a return on equity of 57.45% and a net margin of 14.15%.
View Manhattan Associates' earnings history.

Manhattan Associates updated its FY 2020 After-Hours earnings guidance on Thursday, July, 23rd. The company provided earnings per share guidance of 1.53-1.59 for the period, compared to the Thomson Reuters consensus estimate of $1.54. The company issued revenue guidance of $554-570 million, compared to the consensus revenue estimate of $553.72 million.

7 Wall Street analysts have issued 12 month price targets for Manhattan Associates' stock. Their forecasts range from $97.00 to $125.00. On average, they anticipate Manhattan Associates' share price to reach $110.40 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price.
View analysts' price targets for Manhattan Associates.

Manhattan Associates saw a drop in short interest in August. As of August 14th, there was short interest totaling 2,930,000 shares, a drop of 14.3% from the July 30th total of 3,420,000 shares. Based on an average daily volume of 513,700 shares, the days-to-cover ratio is presently 5.7 days. Currently, 4.7% of the company's stock are sold short.
View Manhattan Associates' Short Interest.

Some companies that are related to Manhattan Associates include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Synopsys (SNPS), Splunk (SPLK), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO) and Pegasystems (PEGA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Cisco Systems (CSCO), Gilead Sciences (GILD), Nike (NKE), Procter & Gamble (PG), Visa (V), AbbVie (ABBV), Activision Blizzard (ATVI), Broadcom (AVGO), Pfizer (PFE) and QUALCOMM (QCOM).

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

Manhattan Associates' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.30%), Neuberger Berman Group LLC (5.97%), Kayne Anderson Rudnick Investment Management LLC (4.25%), FMR LLC (4.06%), American Capital Management Inc. (2.23%) and Canada Pension Plan Investment Board (1.46%). 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 AJO LP, AQR Capital Management LLC, First Trust Advisors LP, Jacobs Levy Equity Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Goldman Sachs Group Inc., Bank of America Corp DE, and Vanguard Group Inc.. Company insiders that have sold Manhattan Associates company stock in the last year include Bruce Richards, Edmond Eger, John J Huntz Jr, and Robert G Howell.
View insider buying and selling activity for Manhattan Associates.

MANH stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Channing Capital Management LLC, Canada Pension Plan Investment Board, Retirement Systems of Alabama, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Kayne Anderson Rudnick Investment Management LLC, and Neuberger Berman Group LLC.
View insider buying and selling activity 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 $95.28.

Manhattan Associates has a market capitalization of $6.05 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]