Research Analysts’ Weekly Ratings Updates for Manhattan Associates (MANH)

A number of firms have modified their ratings and price targets on shares of Manhattan Associates (NASDAQ: MANH) recently:

• 4/25/2024 – Manhattan Associates was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $240.00 price target on the stock, up previously from $220.00.
• 4/24/2024 – Manhattan Associates had its price target lowered by analysts at Citigroup Inc. from $260.00 to $220.00. They now have a “neutral” rating on the stock.
• 4/24/2024 – Manhattan Associates had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $225.00 price target on the stock.
• 4/24/2024 – Manhattan Associates had its “market perform” rating reaffirmed by analysts at William Blair.
• 4/15/2024 – Manhattan Associates had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $225.00 price target on the stock.
• 3/13/2024 – Manhattan Associates is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $260.00 price target on the stock.

Manhattan Associates Trading Up 1.2 %

MANH opened at $217.23 on Friday. The business’s fifty day simple moving average is $237.08 and its 200-day simple moving average is $227.36. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 70.99 and a beta of 1.45. Manhattan Associates, Inc. has a 12-month low of $169.38 and a 12-month high of $266.94.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds have recently made changes to their positions in the stock. Tobam bought a new position in Manhattan Associates in the first quarter worth about $25,000. Benjamin Edwards Inc. bought a new position in shares of Manhattan Associates during the 1st quarter worth approximately $27,000. Blue Trust Inc. lifted its position in Manhattan Associates by 259.4% during the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Bear Mountain Capital Inc. acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $26,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Manhattan Associates in the fourth quarter worth $26,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.