Brokerages Set Manhattan Associates, Inc. (NASDAQ:MANH) PT at $208.88

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) has been given an average rating of "Moderate Buy" by the nine analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $208.88.

Several analysts recently weighed in on the company. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Piper Sandler decreased their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. DA Davidson upped their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Citigroup cut their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th.

Institutional Trading of Manhattan Associates

Institutional investors have recently modified their holdings of the business. Twin Tree Management LP bought a new stake in shares of Manhattan Associates in the 4th quarter valued at about $25,000. Central Pacific Bank Trust Division lifted its stake in shares of Manhattan Associates by 107.3% in the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after acquiring an additional 103 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Manhattan Associates in the fourth quarter worth approximately $38,000. Transce3nd LLC bought a new stake in Manhattan Associates in the fourth quarter valued at approximately $41,000. Finally, Brooklyn Investment Group increased its position in Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock valued at $62,000 after purchasing an additional 148 shares during the period. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Stock Up 0.3%

Shares of MANH stock traded up $0.54 during trading hours on Tuesday, reaching $198.01. The company's stock had a trading volume of 654,746 shares, compared to its average volume of 635,227. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm's 50 day simple moving average is $187.49 and its 200-day simple moving average is $202.68. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 56.57 and a beta of 1.08.

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.