Manhattan Associates (NASDAQ:MANH) Given New $230.00 Price Target at Robert W. Baird

Manhattan Associates (NASDAQ:MANH - Get Free Report) had its price objective increased by investment analysts at Robert W. Baird from $212.00 to $230.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the software maker's stock. Robert W. Baird's price objective indicates a potential upside of 12.80% from the stock's current price.

MANH has been the subject of several other reports. Loop Capital reissued a "hold" rating and issued a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. 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 note on Thursday, May 22nd. Morgan Stanley started coverage on shares of Manhattan Associates in a research note on Monday. They set an "underweight" rating and a $190.00 price target on the stock. Finally, 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 note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Manhattan Associates presently has a consensus rating of "Hold" and an average price target of $210.56.

Manhattan Associates Price Performance

Shares of MANH stock traded up $3.91 on Wednesday, hitting $203.90. 557,965 shares of the stock traded hands, compared to its average volume of 639,258. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 58.26 and a beta of 1.08. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $312.60. The firm has a 50 day simple moving average of $192.88 and a two-hundred day simple moving average of $196.82.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC acquired a new stake in Manhattan Associates during the first quarter valued at $214,000. Prudential PLC grew its position in Manhattan Associates by 40.0% during the fourth quarter. Prudential PLC now owns 23,936 shares of the software maker's stock valued at $6,468,000 after buying an additional 6,835 shares during the period. SG Americas Securities LLC lifted its holdings 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 valued at $1,318,000 after purchasing an additional 6,835 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Manhattan Associates during the fourth quarter valued at $703,000. Finally, Vanguard Group Inc. lifted its holdings 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 valued at $1,811,299,000 after purchasing an additional 50,538 shares in the last quarter. 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.