Press coverage about Manhattan Associates (NASDAQ:MANH) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manhattan Associates earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 45.6479417471987 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- CTA completes $1.1 million redevelopment/upgrade of 5,650 s/f refuse storage; Team includes: Galli Engineering, Cabo and Domingo Gonzales (nyrej.com)
- Vector Group: An Oddball Income Generator (seekingalpha.com)
- Manhattan Associates, Inc. (MANH) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Director of Manhattan Associates Inc (NASDAQ:MANH), Huntz John J Jr, sells 3,592 shares worth $163,495 (empowerednews.net)
- Manhattan Associates Target of Unusually High Options Trading (MANH) (americanbankingnews.com)
Shares of MANH stock opened at $43.68 on Wednesday. Manhattan Associates has a twelve month low of $39.63 and a twelve month high of $54.21. The firm has a market cap of $3,009.05, a PE ratio of 26.00 and a beta of 1.26.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The firm had revenue of $144.09 million during the quarter, compared to analyst estimates of $144.86 million. Manhattan Associates had a net margin of 19.59% and a return on equity of 72.02%. Manhattan Associates’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. research analysts predict that Manhattan Associates will post 1.29 earnings per share for the current year.
Manhattan Associates declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of analysts recently weighed in on MANH shares. BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. TheStreet cut shares of Manhattan Associates from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. ValuEngine cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.00.
In related news, VP Bruce Richards sold 5,600 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $45.07, for a total value of $252,392.00. Following the completion of the transaction, the vice president now owns 28,560 shares in the company, valued at approximately $1,287,199.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Huntz, Jr. sold 3,592 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $45.52, for a total transaction of $163,507.84. Following the completion of the transaction, the director now owns 70,799 shares of the company’s stock, valued at approximately $3,222,770.48. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.
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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