Manhattan Associates (NASDAQ:MANH - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at Citigroup in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $200.00 price target on the software maker's stock, up from their previous price target of $177.00. Citigroup's price objective would indicate a potential downside of 1.91% from the stock's previous close.
Other equities research analysts have also issued reports about the stock. Morgan Stanley started coverage on shares of Manhattan Associates in a report on Monday. They set an "underweight" rating and a $190.00 price objective on the stock. Robert W. Baird boosted their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday. Truist Financial upped their target price on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Loop Capital reiterated a "hold" rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, DA Davidson upped their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $210.56.
Check Out Our Latest Stock Report on Manhattan Associates
Manhattan Associates Stock Performance
MANH stock traded up $3.91 on Wednesday, hitting $203.90. 558,513 shares of the company's stock were exchanged, compared to its average volume of 828,831. Manhattan Associates has a 12-month low of $140.81 and a 12-month high of $312.60. The stock has a market cap of $12.38 billion, a P/E ratio of 58.26 and a beta of 1.08. The firm has a 50 day moving average price of $192.88 and a two-hundred day moving average price of $196.82.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. DAVENPORT & Co LLC acquired a new stake in Manhattan Associates during the first quarter worth about $214,000. Prudential PLC increased its stake in Manhattan Associates by 40.0% during the fourth quarter. Prudential PLC now owns 23,936 shares of the software maker's stock worth $6,468,000 after acquiring an additional 6,835 shares during the last quarter. SG Americas Securities LLC increased its stake in Manhattan Associates by 876.3% during the first quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker's stock worth $1,318,000 after acquiring an additional 6,835 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Manhattan Associates during the fourth quarter worth $703,000. Finally, Vanguard Group Inc. increased its stake in Manhattan Associates by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock worth $1,811,299,000 after acquiring an additional 50,538 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.
Manhattan Associates Company Profile
(
Get Free Report)
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.
Read More
Before you consider Manhattan Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manhattan Associates wasn't on the list.
While Manhattan Associates currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
