The brokerage now has a $53.00 price target on the software maker's stock. "(MANH) Downgraded by Zacks Investment Research" was originally published by Chaffey Breeze and is owned by of Chaffey Breeze.
According to Zacks, "Manhattan Associates is a leading provider of technology-based solutions to improve supply chain effectiveness and efficiencies". Their solutions consist of software; services, including design, configuration, implementation, and training services, plus customer support and software upgrades; and hardware. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Manhattan Associates, Inc.
Manhattan Associates (NASDAQ:MANH) opened at 47.64 on Wednesday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 27.13 and a beta of 1.13. The stock's 50 day moving average price is $47.27 and its 200 day moving average price is $50.26. Boothbay Fund Ltd Liability holds 0.2% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH) from a buy rating to a hold rating in a research report sent to investors on Wednesday. The software maker reported $0.42 EPS for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.04. Manhattan Associates had a return on equity of 70.51% and a net margin of 20.55%. Manhattan Associates's revenue for the quarter was down 4.3% compared to the same quarter previous year.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Thursday, April 20th.
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TRADEMARK VIOLATION NOTICE: "Manhattan Associates, Inc". Raymond James downgraded the shares of MANH in report on Monday, January 9 to "Mkt Perform" rating. If you are accessing this story on another domain, it was stolen and republished in violation of United States & global copyright & trademark laws. Zacks Investment Research lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Wednesday, May 24th. Putnam Invests Limited Liability Company invested in 405,486 shares or 0.02% of the stock. Flinton Capital Management LLC purchased a new position in Manhattan Associates during the fourth quarter worth approximately $181,000. (NASDAQ:MANH). Columbia Prtnrs L L C Mgmt has invested 0.56% in Manhattan Associates, Inc. L L C now owns 7,121,821 shares of the software maker's stock worth $377,670,000 after buying an additional 2,342,575 shares during the period. It worsened, as 44 investors sold MANH shares while 115 reduced holdings. The firm owned 44,261 shares of the software maker's stock after selling 3,635 shares during the period. Synovus Financial Corp bought a new stake in shares of Manhattan Associates during the third quarter valued at approximately $224,000. BlackRock Inc. now owns 5,768,519 shares of the software maker's stock valued at $300,250,000 after buying an additional 5,728,297 shares during the period. Pennsylvania Trust Co bought a new stake in shares of Manhattan Associates during the first quarter valued at approximately $220,000. Brown Capital Management LLC now owns 6,168,645 shares of the software maker's stock worth $321,078,000 after buying an additional 229,639 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Manhattan Associates by 398.1% in the third quarter. Renaissance Technologies LLC now owns 1,733,760 shares of the software maker's stock worth $90,242,000 after buying an additional 107,800 shares during the last quarter.
A number of institutional investors have recently added to or reduced their stakes in the company.
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). The company's solutions enhance distribution efficiencies through the integration of supply chain constituents, including manufacturers, distributors, retailers, suppliers, transportation providers and end consumers.
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