January 18, 2017 – By Dolores Ford · 0 Comments
Sentiment for Manhattan Associates Inc (NASDAQ:MANH)
Manhattan Associates Inc (NASDAQ:MANH) institutional sentiment is 0.97 in Q3 2016. Its the same as in 2016Q2. The ratio is without change, as only 152 investment managers opened new and increased positions, while 157 cut down and sold stakes in Manhattan Associates Inc. The investment managers in our partner’s database reported: 69.23 million shares, up from 68.02 million shares in 2016Q2. Also, the number of investment managers holding Manhattan Associates Inc in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 43 Reduced: 114 Increased: 112 New Position: 40.
Manhattan Associates, Inc. is a developer and well-known provider of supply chain commerce solutions. The company has a market cap of $3.61 billion. The Firm has three geographical divisions: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It has a 30.42 P/E ratio. It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel activities for retailers, wholesalers, manufacturers, logistics providers and other organizations.
About 6,937 shares traded hands. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 23.29% since June 13, 2016 and is downtrending. It has underperformed by 32.37% the S&P500.
Analysts await Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings on February, 7. They expect $0.39 EPS, up 8.33% or $0.03 from last year’s $0.36 per share. MANH’s profit will be $27.79 million for 32.47 P/E if the $0.39 EPS becomes a reality. After $0.47 actual EPS reported by Manhattan Associates, Inc. for the previous quarter, Wall Street now forecasts -17.02% negative EPS growth.
According to Zacks Investment Research, “Manhattan Associates is a leading provider of technology-based solutions to improve supply chain effectiveness and efficiencies. The company’s solutions enhance distribution efficiencies through the integration of supply chain constituents, including manufacturers, distributors, retailers, suppliers, transportation providers and end consumers. Their solutions consist of software; services, including design, configuration, implementation, and training services, plus customer support and software upgrades; and hardware.”
American Capital Management Inc holds 5.87% of its portfolio in Manhattan Associates, Inc. for 1.32 million shares. Brown Capital Management Llc owns 5.23 million shares or 4.43% of their US portfolio. Moreover, Dock Street Asset Management Inc has 2.74% invested in the company for 69,001 shares. The Georgia-based Atlanta Capital Management Co L L C has invested 1.83% in the stock. Northeast Investment Management, a Massachusetts-based fund reported 307,200 shares.#img1#
Manhattan Associates, Inc. (NASDAQ:MANH) Ratings Coverage
Ratings analysis reveals 60% of Manhattan Assoc’s analysts are positive. Out of 5 Wall Street analysts rating Manhattan Assoc, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $67 while the high is $80. The stock’s average target of $75.50 is 48.97% above today’s ($50.68) share price. MANH was included in 8 notes of analysts from July 22, 2015. Raymond James downgraded Manhattan Associates, Inc. (NASDAQ:MANH) on Monday, January 9 to “Mkt Perform” rating. Benchmark maintained it with “Buy” rating and $75 target price in Wednesday, October 21 report. The rating was downgraded by William Blair on Thursday, April 28 to “Market Perform”. Lake Street initiated the shares of MANH in a report on Monday, October 19 with “Buy” rating. William Blair initiated the stock with “Outperform” rating in Tuesday, September 29 report. The company was maintained on Wednesday, July 22 by Benchmark. Brean Capital initiated Manhattan Associates, Inc. (NASDAQ:MANH) rating on Tuesday, January 12. Brean Capital has “Buy” rating and $74 price target.
MANH Company Profile
Manhattan Associates, Inc. (Manhattan), incorporated on February 24, 1998, is a developer and well-known provider of supply chain commerce solutions. The Firm has three geographical divisions: 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 activities for retailers, wholesalers, manufacturers, logistics providers and other organizations. The Company’s 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. The Company’s solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers.
More notable recent Manhattan Associates, Inc. (NASDAQ:MANH) news were published by: Fool.com which released: “Why Manhattan Associates, Inc. Shares Jumped Today” on April 20, 2016, also Fool.com with their article: “Manhattan Associates: Sales Disappoint Despite Strong Earnings” published on October 19, 2016, Streetinsider.com published: “Manhattan Associates, Inc. (MANH) Misses Q3 EPS by 1c; Guides FY16 EPS Higher …” on October 18, 2016. More interesting news about Manhattan Associates, Inc. (NASDAQ:MANH) were released by: Streetinsider.com and their article: “Brean Capital Reiterates Buy on Manhattan Associates, Inc. (MANH)” published on December 20, 2016 as well as Fool.com‘s news article titled: “Manhattan Associates Delivers Another Strong Quarter” with publication date: July 19, 2016.
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By Dolores Ford