Manhattan Associates, Inc. (NASDAQ:MANH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $234.86.

MANH has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the stock from $220.00 to $240.00 in a report on Thursday, April 25th. Citigroup lowered their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Finally, Raymond James upped 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.

Manhattan Associates Trading Up 1.2 %

NASDAQ MANH opened at $213.39 on Thursday. Manhattan Associates has a 1 year low of $167.29 and a 1 year high of $266.94. The company has a fifty day simple moving average of $239.26 and a 200 day simple moving average of $227.33. The company has a market cap of $13.14 billion, a P/E ratio of 69.74 and a beta of 1.45.

Institutional Trading of Manhattan Associates

Institutional investors have recently made changes to their positions in the business. Tobam acquired a new stake in Manhattan Associates during the first quarter valued at approximately $25,000. Benjamin Edwards Inc. acquired a new stake in Manhattan Associates in the 1st quarter valued at $27,000. Blue Trust Inc. grew its position in Manhattan Associates by 259.4% in 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 period. Bear Mountain Capital Inc. bought a new stake in shares of Manhattan Associates in the 4th quarter worth about $26,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Manhattan Associates in the 4th quarter worth about $26,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

About Manhattan Associates

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.