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

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

Manhattan Associates declared that its board has approved a share repurchase plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) posted its earnings results on Tuesday, July, 23rd. The software maker reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.17. The software maker had revenue of $154.30 million for the quarter, compared to analyst estimates of $146 million. Manhattan Associates had a net margin of 16.33% and a return on equity of 66.00%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for Manhattan Associates.

Manhattan Associates issued an update on its FY19 earnings guidance on Tuesday, July, 23rd. The company provided EPS guidance of $1.46-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44. The company issued revenue guidance of $598-604 million, compared to the consensus revenue estimate of $588.50 million.

3 brokers have issued twelve-month target prices for Manhattan Associates' stock. Their forecasts range from $90.00 to $100.00. On average, they anticipate Manhattan Associates' share price to reach $94.00 in the next year. This suggests a possible upside of 14.4% 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.

News stories about MANH stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. 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 media sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Manhattan Associates.

Manhattan Associates saw a drop in short interest in August. As of August 31st, there was short interest totalling 5,329,200 shares, a drop of 14.1% from the July 31st total of 6,206,700 shares. Based on an average trading volume of 492,900 shares, the short-interest ratio is presently 10.8 days. Currently, 8.4% of the company's shares are sold short. View Manhattan Associates' Current Options Chain.

Some companies that are related to Manhattan Associates include Veeva Systems (VEEV), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), Check Point Software Technologies (CHKP), Symantec (SYMC), Atlassian (TEAM), Twilio (TWLO), Crowdstrike (CRWD), Tableau Software (DATA), Temenos (TMNSF), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), SS&C Technologies (SSNC) and Citrix Systems (CTXS).

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

Manhattan Associates' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Atlanta Capital Management Co. L L C (11.09%), Vanguard Group Inc. (10.45%), BlackRock Inc. (9.83%), BlackRock Inc. (9.83%), Brown Capital Management LLC (9.81%) and RGM Capital LLC (2.86%). 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 Brown Capital Management LLC, Atlanta Capital Management Co. L L C, RGM Capital LLC, Prudential Financial Inc., Bank of America Corp DE, Douglas Lane & Associates LLC, Northern Trust Corp and WCM Investment Management LLC. 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 bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Canada Pension Plan Investment Board, Nuveen Asset Management LLC, First Trust Advisors LP, BlackRock Inc., BlackRock Inc., Acadian Asset Management LLC and D. E. Shaw & Co. 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, Robinhood, Fidelity and Charles Schwab.

One share of MANH stock can currently be purchased for approximately $82.17.

Manhattan Associates has a market capitalization of $5.29 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]