Manhattan Associates, Inc. (NASDAQ:MANH) Receives $243.78 Consensus Price Target from Analysts

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $243.78.

MANH has been the subject of several recent analyst reports. Robert W. Baird reduced their target price on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. DA Davidson upgraded Manhattan Associates to a “strong-buy” rating in a research note on Monday. Citigroup reduced their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, Truist Financial decreased their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th.

Insider Activity

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction that occurred on 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 in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

Several institutional investors have recently made changes to their positions in the stock. Twin Tree Management LP bought a new stake in Manhattan Associates during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new position in shares of Manhattan Associates during the 4th quarter valued at $34,000. Synergy Asset Management LLC bought a new position in shares of Manhattan Associates in the fourth quarter worth $35,000. Park Square Financial Group LLC purchased a new stake in shares of Manhattan Associates in the fourth quarter worth $38,000. Finally, Transce3nd LLC bought a new stake in Manhattan Associates during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Down 0.5 %

Shares of Manhattan Associates stock opened at $174.82 on Friday. Manhattan Associates has a 52 week low of $163.10 and a 52 week high of $312.60. The business has a 50 day moving average price of $198.17 and a 200-day moving average price of $252.30. The company has a market cap of $10.69 billion, a PE ratio of 49.81 and a beta of 1.47.

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.