Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Manhattan Associates (MANH) Share Price
News articles about Manhattan Associates (NASDAQ:MANH) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manhattan Associates earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 47.1919491810267 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Manhattan Associates (MANH) Upgraded to Sell at BidaskClub (americanbankingnews.com)
- Manhattan Associates (MANH) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Lee R. Robins and CPI Associates Inc.’s Staff Join Farkouh, Furman & Faccio (businesswire.com)
- Manhattan Associates, Inc. – Value Analysis (NASDAQ:MANH) : December 8, 2017 (finance.yahoo.com)
- Manhattan Associates, Inc. breached its 50 day moving average in a Bearish Manner : MANH-US : December 7, 2017 (finance.yahoo.com)
Shares of Manhattan Associates (NASDAQ:MANH) traded up $0.25 during trading hours on Tuesday, hitting $45.53. The stock had a trading volume of 580,246 shares, compared to its average volume of 679,344. Manhattan Associates has a 12-month low of $40.75 and a 12-month high of $55.74. The company has a market cap of $3,140.00, a price-to-earnings ratio of 25.43 and a beta of 1.15.
A number of research analysts have commented on MANH shares. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Monday. SunTrust Banks raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub raised Manhattan Associates from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, KeyCorp reissued a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $65.00.
In related news, CEO Eddie Capel sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total value of $966,920.00. Following the sale, the chief executive officer now owns 180,057 shares in the company, valued at approximately $7,569,596.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.01% of the company’s stock.
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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.
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