December 1, 2016 - By Vivian Park · 0 Comments
Manhattan Associates Inc (NASDAQ:MANH) institutional sentiment is 0.97 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as only 150 funds increased and started new positions, while 154 sold and decreased their stock positions in Manhattan Associates Inc. The funds in our partner’s database now have: 68.02 million shares, down from 73.39 million shares in 2016Q1. Also, the number of funds holding Manhattan Associates Inc in their top 10 positions increased from 3 to 4 for an increase of 1. Sold All: 32 Reduced: 122 Increased: 95 New Position: 55.
Manhattan Associates, Inc. is a developer and well-known provider of supply chain commerce solutions. The company has a market cap of $3.76 billion. The Firm has three geographical divisions: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It has a 31.45 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.
The stock decreased 3.14% or $1.7 during the last trading session, hitting $52.4. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 14.82% since April 28, 2016 and is downtrending. It has underperformed by 20.75% the S&P500.
Analysts await Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings on February, 7. They expect $0.39 earnings per share, up 8.33% or $0.03 from last year’s $0.36 per share. MANH’s profit will be $27.98 million for 33.59 P/E if the $0.39 EPS becomes a reality. After $0.47 actual earnings per share 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.”
Brown Capital Management Llc holds 4.57% of its portfolio in Manhattan Associates, Inc. for 4.51 million shares. Arbor Capital Management Llc owns 62,137 shares or 2.1% of their US portfolio. Moreover, Northeast Investment Management has 2.05% invested in the company for 317,800 shares. The Connecticut-based Dock Street Asset Management Inc has invested 1.87% in the stock. Bridgecreek Investment Management Llc, a Oklahoma-based fund reported 93,510 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $1.19 million net activity.
Ratings analysis reveals 80% of Manhattan Assoc’s analysts are positive. Out of 5 Wall Street analysts rating Manhattan Assoc, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $67 while the high is $80. The stock’s average target of $75.50 is 44.08% above today’s ($52.4) share price. MANH was included in 7 notes of analysts from July 22, 2015. On Tuesday, September 29 the stock rating was initiated by William Blair with “Outperform”. The company was maintained on Wednesday, October 21 by Benchmark. The firm earned “Buy” rating on Wednesday, July 22 by Benchmark. The firm has “Market Perform” rating by William Blair given on Thursday, April 28. Brean Capital initiated the stock with “Buy” rating in Tuesday, January 12 report. Lake Street initiated Manhattan Associates, Inc. (NASDAQ:MANH) rating on Monday, October 19. Lake Street has “Buy” rating and $80 price target.
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 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 published the news titled: “Manhattan Associates: Sales Disappoint Despite Strong Earnings” on October 19, 2016. Fool.com‘s news article titled: “Why Cree, SUPERVALU, and Manhattan Associates Slumped Today” with publication date: October 19, 2016 was also an interesting one.
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By Vivian Park