Manhattan Associates, Inc. (NASDAQ:MANH) Receives $184.00 Consensus Target Price from Analysts

Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) has been given an average recommendation of “Buy” by the eight research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $184.00.

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Raymond James raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Tuesday, March 22nd. Finally, Rosenblatt Securities cut their price target on shares of Manhattan Associates from $195.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 2nd.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FCF Advisors LLC lifted its position in shares of Manhattan Associates by 78.5% during the 1st quarter. FCF Advisors LLC now owns 13,416 shares of the software maker’s stock valued at $1,861,000 after acquiring an additional 5,899 shares during the period. Hillsdale Investment Management Inc. raised its holdings in Manhattan Associates by 2.5% during the first quarter. Hillsdale Investment Management Inc. now owns 4,180 shares of the software maker’s stock worth $580,000 after purchasing an additional 100 shares during the last quarter. Parallel Advisors LLC boosted its position in Manhattan Associates by 244.3% during the first quarter. Parallel Advisors LLC now owns 272 shares of the software maker’s stock worth $39,000 after purchasing an additional 193 shares in the last quarter. Comerica Bank grew its holdings in Manhattan Associates by 5.1% in the first quarter. Comerica Bank now owns 32,395 shares of the software maker’s stock valued at $4,605,000 after purchasing an additional 1,585 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of Manhattan Associates by 0.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 16,087 shares of the software maker’s stock valued at $2,232,000 after buying an additional 124 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Shares of Manhattan Associates stock opened at $132.41 on Friday. The company has a market capitalization of $8.36 billion, a P/E ratio of 76.98 and a beta of 1.98. Manhattan Associates has a 1 year low of $122.43 and a 1 year high of $188.52. The company’s fifty day moving average is $135.26 and its two-hundred day moving average is $146.28.

Manhattan Associates (NASDAQ:MANHGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.15. Manhattan Associates had a return on equity of 47.22% and a net margin of 16.65%. During the same quarter last year, the company earned $0.29 EPS. As a group, sell-side analysts anticipate that Manhattan Associates will post 1.39 earnings per share for the current year.

Manhattan Associates Company Profile (Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

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