Manhattan Associates, Inc. (NASDAQ:MANH) Receives $212.38 Consensus Target Price from Analysts

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $205.57.

Several analysts have recently weighed in on the company. DA Davidson upped their price objective on Manhattan Associates from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Truist Financial upped their price objective on Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Loop Capital restated a “hold” rating and issued a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, Piper Sandler cut their target price on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th.

Manhattan Associates Stock Up 0.7%

Shares of Manhattan Associates stock opened at $194.49 on Monday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 55.41 and a beta of 1.13. The business has a fifty day simple moving average of $172.36 and a 200-day simple moving average of $223.32. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Insider Transactions at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MANH. Twin Tree Management LP acquired a new position in Manhattan Associates during the fourth quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter valued at $34,000. Central Pacific Bank Trust Division raised its position in Manhattan Associates by 107.3% during the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker’s stock valued at $34,000 after buying an additional 103 shares during the period. Synergy Asset Management LLC acquired a new position in Manhattan Associates during the fourth quarter valued at $35,000. Finally, Park Square Financial Group LLC acquired a new position in Manhattan Associates during the fourth quarter valued at $38,000. 98.45% of the stock is 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.