Manhattan Associates, Inc. (NASDAQ:MANH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $286.38.

A number of analysts have issued reports on the company. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird upped their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Raymond James raised their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial upped their target price on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Loop Capital lifted their price target 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.

Institutional Trading of Manhattan Associates

Several large investors have recently bought and sold shares of MANH. Tobam acquired a new position in Manhattan Associates in the 1st quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in Manhattan Associates during the second quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in Manhattan Associates during the second quarter worth approximately $27,000. DT Investment Partners LLC purchased a new stake in Manhattan Associates in the 2nd quarter worth approximately $31,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Manhattan Associates in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $275.39 on Thursday. The business has a 50-day simple moving average of $275.26 and a 200-day simple moving average of $247.35. The company has a market cap of $16.96 billion, a PE ratio of 90.00 and a beta of 1.50. Manhattan Associates has a one year low of $186.77 and a one year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 86.65%. The company had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts predict that Manhattan Associates will post 3.01 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.