Manhattan Associates (NASDAQ:MANH – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
MANH has been the topic of several other research reports. Robert W. Baird boosted their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler began coverage on shares of Manhattan Associates in a research note on Monday, November 25th. They issued an “overweight” rating and a $326.00 target price on the stock. DA Davidson lifted their price target on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Raymond James increased their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Loop Capital raised their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.89.
Read Our Latest Analysis on MANH
Manhattan Associates Stock Up 1.5 %
Manhattan Associates (NASDAQ:MANH – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. On average, equities research analysts anticipate that Manhattan Associates will post 3.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the transaction, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.
Institutional Trading of Manhattan Associates
A number of institutional investors have recently made changes to their positions in MANH. International Assets Investment Management LLC acquired a new stake in Manhattan Associates in the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in Manhattan Associates in the 2nd quarter worth approximately $31,000. Capital Performance Advisors LLP acquired a new stake in Manhattan Associates in the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC purchased a new stake in Manhattan Associates during the 3rd quarter worth approximately $42,000. Finally, Carolina Wealth Advisors LLC acquired a new position in Manhattan Associates during the 3rd quarter valued at approximately $50,000. 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.
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