Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Recommendation of "Moderate Buy" by Analysts

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $210.14.

MANH has been the subject of several research reports. Robert W. Baird set a $212.00 target price on shares of Manhattan Associates and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Loop Capital restated a "hold" rating and set a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. DA Davidson upped their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Citigroup cut 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 upped their price target on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd.

Institutional Trading of Manhattan Associates

Several institutional investors and hedge funds have recently bought and sold shares of MANH. JPMorgan Chase & Co. lifted its holdings in Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock worth $284,169,000 after buying an additional 687,933 shares during the period. Trust Point Inc. lifted its holdings in Manhattan Associates by 29.0% in the fourth quarter. Trust Point Inc. now owns 1,787 shares of the software maker's stock worth $483,000 after buying an additional 402 shares during the period. abrdn plc lifted its holdings in Manhattan Associates by 2.1% in the fourth quarter. abrdn plc now owns 23,088 shares of the software maker's stock worth $6,250,000 after buying an additional 476 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in Manhattan Associates by 3.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,759 shares of the software maker's stock worth $746,000 after buying an additional 83 shares during the period. Finally, Silver Oak Securities Incorporated lifted its holdings in Manhattan Associates by 19.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 2,695 shares of the software maker's stock worth $731,000 after buying an additional 448 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $190.18 on Friday. Manhattan Associates has a 52-week low of $140.81 and a 52-week high of $312.60. The firm has a fifty day moving average of $176.69 and a 200 day moving average of $215.52. The firm has a market capitalization of $11.55 billion, a PE ratio of 54.18 and a beta of 1.13.

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.

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