According to MarketBeat Ratings, the stock has been given an average rating of “Moderate Buy” due to the recommendations of the six analysts who are currently monitoring Manhattan Associates, Inc. (NASDAQ: MANH-Get Rating). The company’s stock was given an offer to buy by four of the five equity research analysts covering the company, while only one gave the stock a hold rating. The majority of analysts who have produced reports on the firm in the prior year have set a one-year price objective of $178.75 as their average, and this price goal has been given by the majority of those analysts as well.
In light of MANH’s impressive success, several brokerage firms have recently shown interest in the company. In a research report published on Friday, July 22, Rosenblatt Securities gave Manhattan Associates a “buy” rating in a research report. However, the firm’s price target was lowered from $165.00 to $150.00 within the same period. The report’s subject matter was the corporation. In addition, StockNews.com reduced its recommendation for Manhattan Associates from a “buy” rating to a “hold” rating in a research report published on Thursday, July 28.
In other recent events regarding Manhattan Associates, a total of one thousand shares of the company’s stock were sold on August 2, bringing the total number of shares sold to a total of one thousand. Director duties are taken care of by Linda T. Hollembaek. A total of $140,000.00 was received for the sale of the shares, which works out to an average selling price of $140.00 per share. Following the successful conclusion of the transaction, the director was awarded direct ownership of 9,944 shares of the company’s stock, each of which has an estimated current market value of about $1,392,160. You will be able to get additional information regarding the transaction if you click on the link that has been provided to you. This link will take you to an official document presented to the Securities and Exchange Commission. Eddie Capel, the Chief Executive Officer of Manhattan Associates, sold 15,000 shares of the company’s stock on Monday, August 1. It was discovered that a total of 2,116,050.00 dollars’ worth of shares were traded, with each share averaging $141.07. Following the successful completion of the sale, the Chief Executive Officer now directly holds 259,023 shares of the company, the total value of which is about USD 36,540,374.61.
You will be able to get additional information regarding the transaction if you click on the link that has been provided to you. This link will take you to an official document presented to the Securities and Exchange Commission. Another director at Manhattan Associates, Linda T. Hollembaek, also a shareholder, disposed of 1,000 shares of the company’s stock on Tuesday, August 2, 2018. A total of one hundred forty thousand dollars worth of shares were traded in the market at an average price of one hundred forty dollars ($140.00) per share. The director is now the direct owner of 9,944 shares worth a total of $1,392,160 as a direct result of the transaction. Disclosures that are related to the sale might be found in this section of the website. Business insiders sold 18,160 shares of company stock for a total value of $2,576,378 in the last ninety days. Because of this, the insiders made a total profit of $2,576,378 due to their actions. A total of 0.78% of the outstanding shares of stock in the company are owned by company insiders.
Recent months have seen several changes made by hedge funds and other forms of institutional investors about how they currently hold their investments in the company. The holdings of Manhattan Associates that Northwestern Mutual Investment Management Company LLC managed increased by 0.7% during the second quarter. Following the most recent acquisition of 75 additional shares, the total number of shares directly owned by Northwestern Mutual Investment Management Company LLC in the software producer increased to 10,565, with a value of $1,211,000. Second, Decatur Capital Management Inc. increased the percentage of Manhattan Associates in which it was invested by 0.7% during the second quarter. After purchasing an additional 80 shares during the most recent quarter, Decatur Capital Management Inc. now has 11,140 shares of the software maker’s stock, which are currently valued at $1,277,000. These shares were acquired, bringing the total number of shares owned by the company to 11,140. Finally, the investment portfolio of Advisor Partners LLC increased its holdings in Manhattan Associates by 4.7% during the first three months of the current year. After purchasing an additional 84 shares of the software developer’s stock during the most recent fiscal quarter, Advisor Partners LLC now has 1,858 shares.
Based on the current market price, this gives the company a value of $258,000. Finally, people United Financial Inc. increased its ownership stake in Manhattan Associates by 1.1% during the first three months of the current year. After purchasing an additional 90 shares during the most recent quarter, People’s United Financial Inc. is now the owner of 7,997 shares of the software business’s stock, which has a value of $1,109,000. This brings the total number of shares owned by the firm to 1,109,000. Prudential PLC increased its stake in Manhattan Associates by 0.9% during the first three months of this year to keep up with its competitors. Following the acquisition of ninety further shares of the software developer During the most recent period of the firm’s financial year, Prudential PLC acquired direct ownership of 10,454 shares of the company. These shares have a total value of $1,450,000. Institutional investors own most of the company’s shares (97.35%). When trading started on Friday, the price of a share of MANH was $145.31 per share. The current share price of the company’s stock is $135.17, which is higher than its 200-day moving average price of $130.23. The company has a price-to-earnings ratio of 78.12 and a beta value of 1.84, and its market capitalization is $9.11 billion at the moment. When we consider the stock price of Manhattan Associates one year ago, we find that it fluctuated between a low of $106.02 and a high of $188.52.
The quarterly profits per share for the software firm came in at $0.69, which was $0.16 more than the average forecast of $0.53. The company’s revenue was also higher than expected, reaching $1.03. Despite having a relatively low net margin of only 16.67%, Manhattan Associates achieved a return on equity of 51.87% in the past year. In addition, the company reported $0.48 per share in the prior year’s financial statements for the same period. Profits of $1.61 per share are what equity research professionals anticipate will be made by Manhattan Associates during the current fiscal year, which began on October 1 and will end on September 30. Manhattan Associates, Inc. is responsible for developing software that can manage supply chains, inventories, and omnichannel operations. In addition to creating this software, the firm also sells, implements, maintains, and services this software. In addition, it offers a portfolio of logistics execution solutions known as Manhattan SCALE. This portfolio comprises trade partner management, yard management, optimization, warehouse management, and transportation execution services. Manhattan Active is a collection of omnichannel solutions for organizations and retailers, and Manhattan SCALE is a collection of solutions for logistics execution. Both collections are part of the Manhattan brand.
MarketBeat tracks the most well-regarded and successful research analysts working on Wall Street, in addition to the firms that these analysts recommend to their clients on a daily basis. MarketBeat also follows the companies that these analysts study closely. According to MarketBeat, Manhattan Associates was not one of the five firms notable experts recommended to their clients as an excellent investment to make right now before the rest of the market catches on. Instead, Manhattan Associates has been left off of the list altogether.
