Manhattan Associates Company Profile (NASDAQ:MANH)

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

Manhattan Associates declared that its Board of Directors has approved a stock buyback program on Monday, April 24th 2017, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Manhattan Associates, Inc. (NASDAQ:MANH) posted its quarterly earnings results on Thursday, July, 20th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.02. The business had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. View Manhattan Associates' Earnings History.

Manhattan Associates is scheduled to release their next quarterly earnings announcement on Monday, October, 16th 2017. View Earnings Estimates for Manhattan Associates.

Manhattan Associates updated its FY17 earnings guidance on Thursday, July, 20th. The company provided earnings per share (EPS) guidance of $1.85-1.89 for the period, compared to the Thomson Reuters consensus estimate of $1.90. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $610.65 million.

4 brokers have issued 1-year price targets for Manhattan Associates' stock. Their forecasts range from $45.00 to $75.00. On average, they expect Manhattan Associates' share price to reach $61.67 in the next year. View Analyst Ratings for Manhattan Associates.

Here are some recent quotes from research analysts about Manhattan Associates stock:

• 1. According to Zacks Investment Research, "Manhattan Associates is a leading provider of technology-based solutions to improve supply chain effectiveness and efficiencies. The company's solutions enhance distribution efficiencies through the integration of supply chain constituents, including manufacturers, distributors, retailers, suppliers, transportation providers and end consumers. Their solutions consist of software; services, including design, configuration, implementation, and training services, plus customer support and software upgrades; and hardware. " (6/21/2017)
• 2. Benchmark Co. analysts commented, "MANH's December print wasn't the quarter we were looking for, particularly for a Q4. The company's services business continues to weigh on results, resulting in a top line miss and a meaningfully lower revenue guide for 2017. That said, the company executed quite well where it counts, mainly on license growth, operating margins and cash generation. Management called out 2017 as an investment year and it expects an increasing ' though subtle ' mix shift to a subscription revenue model. While we considered stepping aside with a downgrade, it appears that the services business bottoms in Q1, pointing to a resumption of growth in the second half of the year if management can execute as we expect. We're also not big fans of downgrading after a miss. We'll endure through tomorrow's (likely) pain because we think the stock can grind higher and as the company exploits the disruptive trends in omni-channel commerce and supply chain modernizations. We reiterate our Buy rating, though we are lowering our price target $6 to $65." (2/1/2017)

Manhattan Associates saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,038,968 shares, an increase of 33.3% from the July 14th total of 5,279,940 shares. Based on an average trading volume of 1,228,615 shares, the days-to-cover ratio is presently 5.7 days. Currently, 10.3% of the company's shares are sold short.

Some companies that are related to Manhattan Associates include CSRA (CSRA), Booz Allen Hamilton Holding Corporation (BAH), GoDaddy (GDDY), Aspen Technology (AZPN), NCR Corporation (NCR), EPAM Systems (EPAM), Medidata Solutions (MDSO), Proofpoint (PFPT), Teradata Corporation (TDC), InterXion Holding NV (INXN), DST Systems (DST), Science Applications International Corporation (SAIC), CACI International (CACI), NetScout Systems (NTCT), Black Knight Financial Services (BKFS), Wix.com (WIX), ACI Worldwide (ACIW) and Verint Systems (VRNT).

Manhattan Associates' management team includes the folowing people:

• John J. Huntz Jr., Independent Chairman of the Board
• Eddie Capel, President, Chief Executive Officer, Director
• Dennis B. Story, Chief Financial Officer, Executive Vice President, Treasurer
• Linda C. Pinne, Senior Vice President, Chief Accounting Officer, Global Corporate Controller
• Bruce S. Richards, Senior Vice President, Chief Legal Officer, Secretary
• Robert G. Howell, Senior Vice President - Americas Sales
• Edmond I. Eger III, Independent Director
• John H. Heyman, Independent Director
• Charles E. Moran, Independent Director
• Thomas E. Noonan, Independent Director

Manhattan Associates' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Atlanta Capital Management Co. L L C (11.16%), BlackRock Inc. (8.44%), Vanguard Group Inc. (8.39%), Neuberger Berman Group LLC (6.59%), Kayne Anderson Rudnick Investment Management LLC (2.71%) and State Street Corp (2.71%). Company insiders that own Manhattan Associates stock include Brian J Cassidy, Bruce Richards, Dennis B Story and Eddie Capel. View Institutional Ownership Trends for Manhattan Associates.

Manhattan Associates' stock was sold by a variety of institutional investors in the last quarter, including Geneva Advisors LLC, Vanguard Group Inc., Prudential Financial Inc., Renaissance Technologies LLC, Northeast Investment Management, Stifel Financial Corp, Marshall Wace North America L.P. and Thrivent Financial For Lutherans. View Insider Buying and Selling for Manhattan Associates.

Manhattan Associates' stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Koch Industries Inc., Wells Fargo & Company MN, Vaughan Nelson Investment Management L.P., Nordea Investment Management AB, Prudential PLC, JPMorgan Chase & Co. and Bank of New York Mellon Corp. View Insider Buying and Selling for Manhattan Associates.

Shares of Manhattan Associates can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Manhattan Associates stock can currently be purchased for approximately $41.49.