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 43.3% and is now trading at $91.79.
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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."
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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%.
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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.

6 Wall Street analysts have issued 12 month price targets for Manhattan Associates' stock. Their forecasts range from $97.00 to $120.00. On average, they anticipate Manhattan Associates' share price to reach $106.75 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
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News stories about MANH stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. 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 coverage optimism score of -4.1 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.
View the latest news about Manhattan Associates.

Manhattan Associates saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,420,000 shares, a decrease of 5.5% from the July 15th total of 3,620,000 shares. Based on an average daily trading volume, of 609,700 shares, the days-to-cover ratio is presently 5.6 days. Currently, 5.5% of the company's stock are short sold.
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Some companies that are related to Manhattan Associates include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), FactSet Research Systems (FDS), Tyler Technologies (TYL), 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), Cognex (CGNX), Visa (V), Broadcom (AVGO), Advanced Micro Devices (AMD), Nike (NKE), Procter & Gamble (PG), QUALCOMM (QCOM), Skyworks Solutions (SWKS) and AbbVie (ABBV).

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

Manhattan Associates' stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (1.46%), New York State Common Retirement Fund (1.46%), Boston Trust Walden Corp (0.87%), MERIAN GLOBAL INVESTORS UK Ltd (0.78%), M&G Investment Management Ltd. (0.76%) and Goldman Sachs Group Inc. (0.68%). 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.
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MANH stock was sold by a variety of institutional investors in the last quarter, including AJO LP, First Trust Advisors LP, MERIAN GLOBAL INVESTORS UK Ltd, Goldman Sachs Group Inc., Robeco Institutional Asset Management B.V., Prudential Financial Inc., Smith Asset Management Group LP, and Principal Financial Group Inc.. Company insiders that have sold Manhattan Associates company stock in the last year include Bruce Richards, John J Huntz Jr, and Robert G Howell.
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MANH stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Boston Trust Walden Corp, Chartwell Investment Partners LLC, Prospera Financial Services Inc, Cordatus Wealth Management LLC, and Swiss National Bank.
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 $91.79.

Manhattan Associates has a market capitalization of $5.83 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]