Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $59.51.

Several brokerages recently weighed in on MANH. Zacks Investment Research downgraded shares of Manhattan Associates from a “buy” rating to a “sell” rating in a report on Saturday, April 27th. SunTrust Banks upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price target on the stock in a report on Monday, April 22nd. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Finally, BidaskClub upgraded shares of Manhattan Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th.

Shares of Manhattan Associates stock opened at $67.02 on Wednesday. Manhattan Associates has a 52 week low of $39.01 and a 52 week high of $68.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.33 billion, a P/E ratio of 42.42 and a beta of 1.49.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Manhattan Associates had a return on equity of 73.80% and a net margin of 17.85%. The business had revenue of $148.40 million during the quarter, compared to analyst estimates of $137.55 million. During the same quarter last year, the company posted $0.37 EPS. Manhattan Associates’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts expect that Manhattan Associates will post 1.09 EPS for the current fiscal year.

In related news, SVP Robert G. Howell sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $54.00, for a total value of $148,500.00. Following the transaction, the senior vice president now owns 155,697 shares in the company, valued at approximately $8,407,638. The sale was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Manhattan Associates by 4,137.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,120,220 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,093,781 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $40,000. Captrust Financial Advisors lifted its holdings in shares of Manhattan Associates by 83.0% in the 4th quarter. Captrust Financial Advisors now owns 1,041 shares of the software maker’s stock worth $44,000 after purchasing an additional 472 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $60,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $67,000.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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