Manhattan Associates (MANH) Earning Somewhat Positive News Coverage, Analysis Finds

Headlines about Manhattan Associates (NASDAQ:MANH) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. 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 0.02 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

MANH has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Benchmark Co. downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $59.50.

Shares of Manhattan Associates (MANH) traded down 0.42% during midday trading on Monday, hitting $47.29. 262,989 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $47.04 and its 200 day moving average price is $49.30. Manhattan Associates has a one year low of $44.83 and a one year high of $68.00. The firm has a market cap of $3.28 billion, a PE ratio of 27.15 and a beta of 1.18.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Thursday, April 20th. The software maker reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $143.49 million for the quarter, compared to analyst estimates of $146.49 million. Manhattan Associates had a net margin of 20.89% and a return on equity of 73.76%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. Equities research analysts forecast that Manhattan Associates will post $1.90 EPS for the current year.

Manhattan Associates declared that its Board of Directors has authorized a stock buyback program on Thursday, April 20th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 1.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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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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