Manhattan Associates (NASDAQ:MANH) PT Set at $212.00 by Robert W. Baird

Robert W. Baird set a $212.00 price objective on Manhattan Associates (NASDAQ:MANH - Free Report) in a report published on Wednesday, Marketbeat reports. The brokerage currently has an outperform rating on the software maker's stock.

A number of other equities analysts also recently issued reports on the company. Piper Sandler cut their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Raymond James decreased their target price on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Loop Capital restated a "hold" rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Finally, Citigroup decreased their target price on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.14.

Manhattan Associates Stock Performance

Manhattan Associates stock traded down $2.26 during mid-day trading on Wednesday, reaching $185.23. The stock had a trading volume of 692,253 shares, compared to its average volume of 589,240. The firm has a market capitalization of $11.25 billion, a PE ratio of 52.77 and a beta of 1.13. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The stock's 50-day simple moving average is $174.25 and its 200-day simple moving average is $220.41.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the sale, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. The trade was a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MANH. Vanguard Group Inc. lifted its holdings in shares of Manhattan Associates by 0.8% in the 4th 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. FMR LLC lifted its stake in Manhattan Associates by 16.2% in the fourth quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock worth $602,005,000 after purchasing an additional 310,257 shares during the last quarter. Franklin Resources Inc. lifted its stake in Manhattan Associates by 43.2% in the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after purchasing an additional 578,295 shares during the last quarter. Invesco Ltd. boosted its position in shares of Manhattan Associates by 3.1% during the fourth quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker's stock valued at $502,960,000 after buying an additional 55,334 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Manhattan Associates by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after buying an additional 841,276 shares during the last quarter. Institutional investors 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.