Manhattan Associates (MANH) to Release Earnings on Tuesday

Manhattan Associates (NASDAQ:MANH) is expected to be releasing its earnings data after the market closes on Tuesday, April 22nd. Analysts expect Manhattan Associates to post earnings of $1.02 per share and revenue of $256.65 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Manhattan Associates Price Performance

Shares of MANH stock opened at $163.57 on Monday. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 46.60 and a beta of 1.36. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $312.60. The firm has a fifty day moving average price of $171.08 and a 200-day moving average price of $238.06.

Analyst Ratings Changes

MANH has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Piper Sandler lowered their target price on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. DA Davidson reduced their price target on shares of Manhattan Associates from $270.00 to $195.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.67.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the sale, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.