Exclusive: What’s Propelling Manhattan Associates, Inc. to Decline So Much?

Exclusive: What's Propelling Manhattan Associates, Inc. to Decline So Much?

The stock of Manhattan Associates, Inc. (NASDAQ:MANH) is a huge mover today! About 324,660 shares traded hands. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 1.14% since March 11, 2016 and is downtrending. It has underperformed by 6.60% the S&P500.
The move comes after 8 months negative chart setup for the $4.09 billion company. It was reported on Oct, 14 by Barchart.com. We have $53.39 PT which if reached, will make NASDAQ:MANH worth $204.50 million less.

Analysts await Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings on October, 18. They expect $0.43 EPS, up 13.16% or $0.05 from last year’s $0.38 per share. MANH’s profit will be $31.29M for 32.67 P/E if the $0.43 EPS becomes a reality. After $0.46 actual EPS reported by Manhattan Associates, Inc. for the previous quarter, Wall Street now forecasts -6.52% negative EPS growth.

Manhattan Associates, Inc. (NASDAQ:MANH) Ratings Coverage

Out of 5 analysts covering Manhattan Assoc (NASDAQ:MANH), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Manhattan Assoc has been the topic of 7 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was initiated by William Blair with “Outperform” on Tuesday, September 29. Brean Capital initiated Manhattan Associates, Inc. (NASDAQ:MANH) on Tuesday, January 12 with “Buy” rating. Benchmark maintained the stock with “Buy” rating in Wednesday, July 22 report. The stock of Manhattan Associates, Inc. (NASDAQ:MANH) earned “Buy” rating by Benchmark on Wednesday, October 21. On Monday, October 19 the stock rating was initiated by Lake Street with “Buy”. William Blair downgraded Manhattan Associates, Inc. (NASDAQ:MANH) on Thursday, April 28 to “Market Perform” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.03, from 1 in 2016Q1. The ratio is negative, as 32 funds sold all Manhattan Associates, Inc. shares owned while 122 reduced positions. 55 funds bought stakes while 95 increased positions. They now own 68.02 million shares or 7.32% less from 73.39 million shares in 2016Q1.
Paradigm Asset Mngmt Limited Liability accumulated 0% or 2,400 shares. Deutsche Natl Bank Ag has invested 0.01% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH). Century Cap Mngmt Llc owns 70,250 shares or 0.5% of their US portfolio. Raymond James Services Advisors has invested 0% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH). Ladenburg Thalmann Financial has 1,682 shares for 0% of their US portfolio. Aperio Grp Inc Lc reported 16,898 shares or 0.01% of all its holdings. Eaton Vance Mgmt owns 52,544 shares or 0.01% of their US portfolio. Landscape Mngmt Limited has 0.16% invested in the company for 18,486 shares. Fiera Corp owns 787,350 shares or 0.28% of their US portfolio. Reliance Tru Of Delaware owns 6,586 shares or 0.03% of their US portfolio. The Minnesota-based Ameriprise Fincl has invested 0.01% in Manhattan Associates, Inc. (NASDAQ:MANH). Hl Fincl Svcs Limited Liability Company holds 0.01% or 5,428 shares in its portfolio. Whittier Trust accumulated 0.07% or 26,108 shares. Johnson Grp Inc has invested 0.02% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH). Profund Advsrs Limited holds 8,131 shares or 0.03% of its portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 buys, and 2 sales for $2.52 million net activity. Capel Eddie sold 20,000 shares worth $1.33M. On Tuesday, June 7 the insider CASSIDY BRIAN J sold $1.19 million.

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 Streetinsider.com published the news titled: “Manhattan Associates, Inc. (MANH) Appoints New CFO” on August 01, 2016. Businesswire.com‘s news article titled: “ProShip, Inc. Announces Partnership with Manhattan Associates” with publication date: June 13, 2016 was also an interesting one.

MANH Company Profile

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.

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