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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $234.86.

MANH has been the topic of several recent research reports. Raymond James lifted their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Truist Financial lifted their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Citigroup dropped their price target 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, DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $220.00 to $240.00 in a research note on Thursday, April 25th.

Insider Activity

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the transaction, the executive vice president now directly owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Manhattan Associates

A number of institutional investors have recently made changes to their positions in MANH. Blue Trust Inc. lifted its stake in shares of Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $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 approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $26,000. Benjamin Edwards Inc. bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $27,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $31,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Up 0.8 %

NASDAQ:MANH opened at $207.77 on Thursday. The company has a market cap of $12.79 billion, a P/E ratio of 67.90 and a beta of 1.44. Manhattan Associates has a fifty-two week low of $165.37 and a fifty-two week high of $266.94. The firm’s 50 day moving average is $242.23 and its two-hundred day moving average is $227.11.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. The company had revenue of $238.26 million during the quarter, compared to analyst estimates of $223.99 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. Research analysts forecast that Manhattan Associates will post 2.72 earnings per share for the current fiscal year.

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.