Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $231.29.

MANH has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Citigroup initiated coverage on shares of Manhattan Associates in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $260.00 target price on the stock. Rosenblatt Securities raised their target price on shares of Manhattan Associates from $215.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Raymond James raised their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st.

Insiders Place Their Bets

In other news, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now owns 242,153 shares in the company, valued at $59,988,562.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, the executive vice president now owns 57,093 shares in the company, valued at $14,207,022.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the sale, the chief executive officer now owns 242,153 shares in the company, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Institutional Trading of Manhattan Associates

Large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its holdings in shares of Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares in the last quarter. Capital Insight Partners LLC raised its position in Manhattan Associates by 0.4% in the 3rd quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock worth $2,997,000 after buying an additional 57 shares during the last quarter. Signaturefd LLC raised its position in Manhattan Associates by 4.7% in the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock worth $252,000 after buying an additional 57 shares during the last quarter. UMB Bank n.a. raised its position in Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after buying an additional 58 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in Manhattan Associates by 1.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 5,220 shares of the software maker’s stock worth $1,032,000 after buying an additional 60 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of MANH stock opened at $243.51 on Friday. The company has a market cap of $14.99 billion, a P/E ratio of 86.35 and a beta of 1.44. The firm has a 50-day moving average of $248.32 and a 200-day moving average of $223.82. Manhattan Associates has a one year low of $150.91 and a one year high of $266.94.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. The business had revenue of $238.26 million for the quarter, compared to the consensus estimate of $223.99 million. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. As a group, research analysts expect that Manhattan Associates will post 2.78 earnings per share for the current fiscal year.

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.