The Manhattan Associates Inc. (MANH) Earns Buy Rating from Brean Capital

The Manhattan Associates Inc. (MANH) Earns Buy Rating from Brean Capital

Manhattan Associates Inc. (NASDAQ:MANH)‘s stock had its “buy” rating reiterated by research analysts at Brean Capital in a report released on Thursday.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Raymond James Financial Inc. reiterated an “outperform” rating and issued a $74.00 target price (down from $75.00) on shares of Manhattan Associates in a report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $72.17.

Manhattan Associates (NASDAQ:MANH) traded down 0.55% during mid-day trading on Thursday, hitting $56.14. 96,998 shares of the stock were exchanged. Manhattan Associates has a 1-year low of $44.14 and a 1-year high of $77.75. The stock has a 50 day moving average price of $58.76 and a 200 day moving average price of $60.87. The company has a market capitalization of $4.02 billion, a PE ratio of 35.53 and a beta of 1.31.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 19th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a return on equity of 62.72% and a net margin of 19.56%. The business had revenue of $154.90 million for the quarter, compared to analysts’ expectations of $153.75 million. During the same period in the prior year, the business posted $0.37 earnings per share. On average, equities analysts anticipate that Manhattan Associates will post $1.79 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of MANH. Atlanta Capital Management Co. L L C boosted its position in Manhattan Associates by 1.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,259,479 shares of the company’s stock worth $273,160,000 after buying an additional 62,671 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Manhattan Associates by 6.5% in the second quarter. Neuberger Berman Group LLC now owns 3,872,121 shares of the company’s stock worth $248,319,000 after buying an additional 237,415 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Manhattan Associates by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,501,847 shares of the company’s stock worth $160,443,000 after buying an additional 105,712 shares during the last quarter. State Street Corp raised its position in shares of Manhattan Associates by 1.4% in the first quarter. State Street Corp now owns 2,440,798 shares of the company’s stock worth $138,804,000 after buying an additional 34,235 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Manhattan Associates by 17.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,299,380 shares of the company’s stock worth $83,330,000 after buying an additional 189,914 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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