Robert W. Baird Cuts Manhattan Associates (NASDAQ:MANH) Price Target to $225.00

Manhattan Associates (NASDAQ:MANH) had its price objective decreased by Robert W. Baird from $282.00 to $225.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the software maker’s stock.

Several other equities research analysts also recently issued reports on MANH. Truist Financial dropped their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Raymond James dropped their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Loop Capital reduced their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Citigroup reduced their target price on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.78.

Manhattan Associates Stock Down 1.2 %

Shares of NASDAQ:MANH opened at $172.44 on Tuesday. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 49.13 and a beta of 1.47. The company has a 50 day moving average of $207.62 and a two-hundred day moving average of $255.09. Manhattan Associates has a 52-week low of $163.10 and a 52-week high of $312.60.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Tree Management LP bought a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC bought a new position in Manhattan Associates during the 4th quarter worth $34,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates in the fourth quarter worth $35,000. Park Square Financial Group LLC bought a new position in shares of Manhattan Associates during the fourth quarter worth about $38,000. Finally, Transce3nd LLC bought a new stake in Manhattan Associates in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.