Robert W. Baird Forecasts Strong Price Appreciation for Manhattan Associates (NASDAQ:MANH) Stock

Manhattan Associates (NASDAQ:MANH) had its target price boosted by research analysts at Robert W. Baird from $197.00 to $212.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price target suggests a potential upside of 13.07% from the stock’s previous close.

Several other equities analysts have also recently weighed in on MANH. Truist Financial lifted their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. DA Davidson raised their target price on Manhattan Associates from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Raymond James decreased their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Loop Capital reaffirmed a “hold” rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Citigroup decreased their target price on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.14.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $187.49 on Wednesday. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 53.42 and a beta of 1.13. Manhattan Associates has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a 50 day moving average price of $174.01 and a 200 day moving average price of $221.82.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction on Thursday, March 6th. The shares were 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Manhattan Associates by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker’s stock valued at $1,811,299,000 after buying an additional 50,538 shares during the period. FMR LLC raised its holdings in shares of Manhattan Associates by 16.2% during the 4th quarter. FMR LLC now owns 2,227,669 shares of the software maker’s stock valued at $602,005,000 after purchasing an additional 310,257 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker’s stock valued at $517,917,000 after purchasing an additional 578,295 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Manhattan Associates by 3.1% during the 4th quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker’s stock valued at $502,960,000 after purchasing an additional 55,334 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Manhattan Associates by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker’s stock valued at $452,321,000 after purchasing an additional 841,276 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.