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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three equities 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 brokerages that have issued ratings on the stock in the last year is $208.88.

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. DA Davidson boosted their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Citigroup reduced their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Loop Capital reiterated a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th.

Manhattan Associates Stock Performance

MANH traded up $1.17 during midday trading on Tuesday, hitting $199.88. The company had a trading volume of 269,864 shares, compared to its average volume of 635,849. Manhattan Associates has a twelve month low of $140.81 and a twelve month high of $312.60. The firm's 50-day simple moving average is $189.26 and its 200-day simple moving average is $201.93. The company has a market capitalization of $12.14 billion, a PE ratio of 57.11 and a beta of 1.08.

Institutional Trading of Manhattan Associates

Several hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new position in Manhattan Associates in the fourth quarter valued at about $25,000. Central Pacific Bank Trust Division lifted its holdings in shares of Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after purchasing an additional 103 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $38,000. Transce3nd LLC bought a new stake in Manhattan Associates during the 4th quarter worth approximately $41,000. Finally, Brooklyn Investment Group raised its holdings in Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock worth $62,000 after buying an additional 148 shares during the period. 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.