Manhattan Associates, Inc. (NASDAQ:MANH) – Equities researchers at William Blair issued their Q1 2018 earnings estimates for Manhattan Associates in a research report issued on Wednesday, Zacks Investment Research reports. William Blair analyst M. Pfau expects that the software maker will post earnings per share of $0.28 for the quarter. William Blair also issued estimates for Manhattan Associates’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.18 EPS.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. Manhattan Associates had a net margin of 19.59% and a return on equity of 72.02%. The business had revenue of $144.09 million during the quarter, compared to the consensus estimate of $144.86 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis.
A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Manhattan Associates currently has an average rating of “Hold” and an average target price of $55.00.
Manhattan Associates (NASDAQ:MANH) opened at $42.97 on Monday. Manhattan Associates has a one year low of $39.63 and a one year high of $54.21. The firm has a market cap of $2,920.69, a P/E ratio of 25.58 and a beta of 1.08.
Several institutional investors and hedge funds have recently made changes to their positions in MANH. Suntrust Banks Inc. bought a new stake in shares of Manhattan Associates during the second quarter valued at approximately $236,000. Dimensional Fund Advisors LP increased its position in shares of Manhattan Associates by 38.9% during the second quarter. Dimensional Fund Advisors LP now owns 743,019 shares of the software maker’s stock valued at $35,709,000 after acquiring an additional 207,904 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Manhattan Associates by 42.4% during the second quarter. HighTower Advisors LLC now owns 11,980 shares of the software maker’s stock valued at $572,000 after acquiring an additional 3,567 shares in the last quarter. Shelton Capital Management bought a new stake in shares of Manhattan Associates during the second quarter valued at approximately $245,000. Finally, State Street Corp increased its position in shares of Manhattan Associates by 0.3% during the second quarter. State Street Corp now owns 1,867,895 shares of the software maker’s stock valued at $89,771,000 after acquiring an additional 5,533 shares in the last quarter.
Manhattan Associates announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
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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