Manhattan Associates (NASDAQ:MANH) Price Target Raised to $230.00

Manhattan Associates (NASDAQ:MANH) had its price target lifted by Robert W. Baird from $212.00 to $230.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

A number of other research analysts have also weighed in on MANH. Loop Capital reissued a “hold” rating and set a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Redburn Atlantic lowered Manhattan Associates from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. DA Davidson increased their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Morgan Stanley initiated coverage on Manhattan Associates in a research note on Monday, July 14th. They set an “underweight” rating and a $190.00 target price for the company. Finally, Truist Financial boosted their price objective on Manhattan Associates from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $210.56.

Manhattan Associates Trading Down 0.9%

MANH stock opened at $202.05 on Wednesday. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $312.60. The stock has a 50-day moving average price of $193.57 and a two-hundred day moving average price of $195.88. The stock has a market cap of $12.27 billion, a PE ratio of 57.73 and a beta of 1.08.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DAVENPORT & Co LLC bought a new position in shares of Manhattan Associates in the first quarter worth approximately $214,000. Prudential PLC raised its holdings in Manhattan Associates by 40.0% during the 4th quarter. Prudential PLC now owns 23,936 shares of the software maker’s stock valued at $6,468,000 after buying an additional 6,835 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Manhattan Associates by 876.3% in the first quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker’s stock worth $1,318,000 after purchasing an additional 6,835 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Manhattan Associates in the fourth quarter worth about $703,000. Finally, Vanguard Group Inc. increased its holdings in 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 purchasing an additional 50,538 shares during the period. 98.45% of the stock is currently owned by institutional investors.

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.