Manhattan Associates (MANH) Sets New 1-Year High at $68.52

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $68.52 and last traded at $68.28, with a volume of 8063 shares traded. The stock had previously closed at $68.04.

MANH has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Saturday, January 19th. BidaskClub upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Finally, SunTrust Banks upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price objective for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Manhattan Associates presently has a consensus rating of “Buy” and a consensus price target of $64.67.

The firm has a market capitalization of $4.40 billion, a PE ratio of 42.02 and a beta of 1.57.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Manhattan Associates had a return on equity of 73.80% and a net margin of 17.85%. The company had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $137.55 million. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. On average, research analysts anticipate that Manhattan Associates, Inc. will post 1.09 earnings per share for the current year.

In other Manhattan Associates news, Director John J. Huntz, Jr. sold 2,106 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $53.76, for a total transaction of $113,218.56. Following the completion of the transaction, the director now owns 70,530 shares in the company, valued at $3,791,692.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce Richards sold 5,454 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $55.21, for a total transaction of $301,115.34. The disclosure for this sale can be found here. Insiders have sold 10,310 shares of company stock valued at $562,834 in the last quarter. Company insiders own 0.68% of the company’s stock.

A number of large investors have recently modified their holdings of MANH. Oregon Public Employees Retirement Fund boosted its position in Manhattan Associates by 4,137.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,120,220 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,093,781 shares during the period. Ruggie Capital Group bought a new position in Manhattan Associates during the fourth quarter worth about $31,000. Pearl River Capital LLC bought a new position in Manhattan Associates during the fourth quarter worth about $40,000. Captrust Financial Advisors boosted its position in Manhattan Associates by 83.0% during the fourth quarter. Captrust Financial Advisors now owns 1,041 shares of the software maker’s stock worth $44,000 after purchasing an additional 472 shares during the period. Finally, Quantamental Technologies LLC bought a new position in Manhattan Associates during the fourth quarter worth about $57,000.

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About Manhattan Associates (NASDAQ:MANH)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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