Manhattan Associates (MANH) Projected to Post Quarterly Earnings on Tuesday

Manhattan Associates (NASDAQ:MANH - Get Free Report) is expected to be issuing its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.02 per share and revenue of $256.65 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded up $2.48 during trading hours on Friday, hitting $163.57. The company's stock had a trading volume of 643,555 shares, compared to its average volume of 562,696. Manhattan Associates has a 12 month low of $140.81 and a 12 month high of $312.60. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 46.60 and a beta of 1.36. The business has a 50-day simple moving average of $171.37 and a 200-day simple moving average of $239.37.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MANH shares. Piper Sandler reduced their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Raymond James cut their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. DA Davidson lowered their target price on shares of Manhattan Associates from $270.00 to $195.00 and set a "buy" rating for the company in a report on Monday. Robert W. Baird cut their price target on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Finally, Citigroup dropped their target price on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of "Moderate Buy" and an average target price of $212.67.

Insider Activity

In other 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 value of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is owned by corporate insiders.

About Manhattan Associates

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.