BidaskClub Lowers Manhattan Associates (NASDAQ:MANH) to Buy

BidaskClub lowered shares of Manhattan Associates (NASDAQ:MANH) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday, June 26th, BidAskClub reports.

A number of other brokerages have also recently weighed in on MANH. SunTrust Banks cut KEYW from a buy rating to a hold rating and raised their price objective for the company from $11.00 to $11.25 in a report on Monday, April 22nd. Zacks Investment Research upgraded Zymeworks from a hold rating to a buy rating and set a $19.00 price target on the stock in a research report on Saturday, April 27th. Finally, TheStreet lowered ORBCOMM from a c- rating to a d+ rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $64.67.

NASDAQ:MANH traded up $0.09 during trading on Wednesday, reaching $70.88. The company’s stock had a trading volume of 330,518 shares, compared to its average volume of 435,347. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 44.86 and a beta of 1.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50 day simple moving average of $68.42. Manhattan Associates has a 12 month low of $39.01 and a 12 month high of $72.28.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Manhattan Associates had a return on equity of 73.80% and a net margin of 17.85%. The firm had revenue of $148.40 million for the quarter, compared to the consensus estimate of $137.55 million. During the same quarter in the previous year, the company posted $0.37 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Manhattan Associates will post 1.09 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Capital Insight Partners LLC raised its stake in Manhattan Associates by 1.2% in the 1st quarter. Capital Insight Partners LLC now owns 21,023 shares of the software maker’s stock worth $1,159,000 after acquiring an additional 240 shares during the last quarter. Raymond James & Associates increased its position in shares of Manhattan Associates by 10.8% during the first quarter. Raymond James & Associates now owns 77,005 shares of the software maker’s stock worth $4,244,000 after acquiring an additional 7,526 shares during the period. Royce & Associates LP increased its position in shares of Manhattan Associates by 34.2% during the fourth quarter. Royce & Associates LP now owns 989,722 shares of the software maker’s stock worth $41,935,000 after acquiring an additional 252,203 shares during the period. Texas Permanent School Fund increased its position in shares of Manhattan Associates by 3.2% during the first quarter. Texas Permanent School Fund now owns 44,146 shares of the software maker’s stock worth $2,433,000 after acquiring an additional 1,363 shares during the period. Finally, Amalgamated Bank increased its position in shares of Manhattan Associates by 58.6% during the fourth quarter. Amalgamated Bank now owns 15,344 shares of the software maker’s stock worth $650,000 after acquiring an additional 5,667 shares during the period.

Manhattan Associates Company Profile

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.

Featured Story: Beta

Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.