Zacks Investment Research cut shares of Manhattan Associates, Inc. (NASDAQ:MANH) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “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. Its solutions consist of software, services and hardware, which coordinate people, workflows, assets, events and tasks across the functions linked in a supply chain from planning through execution. Its supply chain solutions consist of three components: Distribution Management, Transportation Management and Visibility. Its Omni-Channel Solutions include Omni-Channel Central Solutions and Omni-Channel Local Solutions. Its Inventory solutions include Inventory Optimization and Planning. “

MANH has been the topic of a number of other research reports. SunTrust Banks, Inc. started coverage on Manhattan Associates in a report on Monday, June 26th. They issued a hold rating and a $45.00 target price on the stock. BidaskClub lowered Manhattan Associates from a hold rating to a sell rating in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Manhattan Associates presently has an average rating of Hold and an average target price of $65.00.

Shares of Manhattan Associates (NASDAQ MANH) opened at 46.28 on Thursday. Manhattan Associates has a 12-month low of $40.83 and a 12-month high of $59.60. The company has a 50-day moving average price of $42.93 and a 200-day moving average price of $45.87. The firm has a market capitalization of $3.19 billion, a P/E ratio of 26.74 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The firm had revenue of $154.10 million for the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Equities analysts predict that Manhattan Associates will post $1.87 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Lowers Manhattan Associates, Inc. (MANH) to Sell” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.watchlistnews.com/zacks-investment-research-lowers-manhattan-associates-inc-manh-to-sell/1617459.html.

Hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. lifted its position in shares of Manhattan Associates by 41.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after acquiring an additional 726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Manhattan Associates by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after acquiring an additional 271 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Manhattan Associates by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock worth $181,000 after acquiring an additional 1,660 shares during the period. TrimTabs Asset Management LLC lifted its position in shares of Manhattan Associates by 105.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after acquiring an additional 1,929 shares during the period. Finally, Lloyds Banking Group plc lifted its position in shares of Manhattan Associates by 62.0% in the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after acquiring an additional 1,505 shares during the period.

Manhattan Associates Company Profile

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.

Get a free copy of the Zacks research report on Manhattan Associates (MANH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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