Manhattan Associates, Inc. (NASDAQ:MANH) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $65.00.

Several research firms recently weighed in on MANH. BidaskClub upgraded Manhattan Associates from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded Manhattan Associates from a “hold” rating to a “sell” rating in a report on Monday, December 11th. KeyCorp restated a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. Finally, SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, October 3rd. They noted that the move was a valuation call.

In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total value of $966,920.00. Following the completion of the transaction, the chief executive officer now directly owns 180,057 shares in the company, valued at $7,569,596.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.01% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in Manhattan Associates by 25.9% in the third quarter. Public Employees Retirement System of Ohio now owns 348,089 shares of the software maker’s stock worth $14,470,000 after purchasing an additional 71,545 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Manhattan Associates during the third quarter valued at about $774,000. Sterling Capital Management LLC increased its holdings in shares of Manhattan Associates by 69.9% during the third quarter. Sterling Capital Management LLC now owns 62,384 shares of the software maker’s stock valued at $2,593,000 after acquiring an additional 25,659 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Manhattan Associates by 2.7% during the third quarter. California Public Employees Retirement System now owns 164,355 shares of the software maker’s stock valued at $6,832,000 after acquiring an additional 4,255 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Manhattan Associates by 113.0% during the third quarter. Cubist Systematic Strategies LLC now owns 38,759 shares of the software maker’s stock valued at $1,611,000 after acquiring an additional 20,559 shares in the last quarter.

Manhattan Associates (NASDAQ:MANH) traded up $0.87 during mid-day trading on Monday, hitting $47.17. The company had a trading volume of 485,836 shares, compared to its average volume of 676,738. The company has a market capitalization of $3,191.60, a P/E ratio of 26.16 and a beta of 1.15. Manhattan Associates has a 12-month low of $40.75 and a 12-month high of $55.74.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $152.88 million during the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. sell-side analysts forecast that Manhattan Associates will post 1.75 EPS for the current fiscal year.

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About Manhattan Associates

Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.

Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

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