Manhattan Associates (NASDAQ:MANH) was upgraded by stock analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also weighed in on MANH. ValuEngine raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. TheStreet downgraded Manhattan Associates from a “b-” rating to a “c” rating in a research note on Thursday, December 27th. Zacks Investment Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 26th. Finally, BidaskClub upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $56.00.

NASDAQ MANH opened at $57.30 on Monday. Manhattan Associates has a 12 month low of $39.01 and a 12 month high of $62.39. The firm has a market capitalization of $3.70 billion, a P/E ratio of 36.27 and a beta of 1.49.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. The firm had revenue of $144.37 million during the quarter, compared to analyst estimates of $139.19 million. During the same period last year, the firm posted $0.45 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Manhattan Associates will post 1.1 earnings per share for the current fiscal year.

In other Manhattan Associates news, Director John J. Huntz, Jr. sold 2,106 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total value of $113,218.56. Following the completion of the transaction, the director now owns 70,530 shares in the company, valued at approximately $3,791,692.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert G. Howell sold 2,750 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $54.00, for a total value of $148,500.00. Following the completion of the transaction, the senior vice president now owns 155,697 shares of the company’s stock, valued at approximately $8,407,638. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,310 shares of company stock valued at $562,834. 0.68% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System boosted its position in shares of Manhattan Associates by 0.5% during the 4th quarter. Arizona State Retirement System now owns 46,924 shares of the software maker’s stock valued at $1,988,000 after acquiring an additional 231 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Manhattan Associates by 1.2% during the 1st quarter. Capital Insight Partners LLC now owns 21,023 shares of the software maker’s stock valued at $1,159,000 after acquiring an additional 240 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Manhattan Associates by 1.0% during the 4th quarter. Alps Advisors Inc. now owns 28,062 shares of the software maker’s stock valued at $1,189,000 after acquiring an additional 291 shares during the last quarter. LPL Financial LLC boosted its position in shares of Manhattan Associates by 4.5% during the 4th quarter. LPL Financial LLC now owns 7,097 shares of the software maker’s stock valued at $301,000 after acquiring an additional 305 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Manhattan Associates by 3.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,047 shares of the software maker’s stock valued at $426,000 after acquiring an additional 373 shares during the last quarter.

About Manhattan Associates

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.

Further Reading: Earnings Per Share

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