Manhattan Associates (NASDAQ:MANH) Given a $212.00 Price Target by Robert W. Baird Analysts

Manhattan Associates (NASDAQ:MANH) has been given a $212.00 target price by analysts at Robert W. Baird in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price objective would suggest a potential upside of 13.07% from the company’s previous close.

Several other analysts have also commented on MANH. Raymond James lowered their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Piper Sandler decreased their price objective on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. DA Davidson boosted their target price on shares of Manhattan Associates from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Loop Capital reaffirmed a “hold” rating and set a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Finally, Truist Financial boosted their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.14.

Manhattan Associates Price Performance

NASDAQ MANH opened at $187.49 on Wednesday. The business has a 50 day moving average price of $174.01 and a 200 day moving average price of $221.82. The company has a market capitalization of $11.38 billion, a P/E ratio of 53.42 and a beta of 1.13. Manhattan Associates has a 1-year low of $140.81 and a 1-year high of $312.60.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Institutional Trading of Manhattan Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Metis Global Partners LLC raised its holdings in shares of Manhattan Associates by 7.0% in the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker’s stock worth $226,000 after purchasing an additional 55 shares during the period. BOKF NA increased its position in shares of Manhattan Associates by 0.4% during the fourth quarter. BOKF NA now owns 13,271 shares of the software maker’s stock worth $3,522,000 after acquiring an additional 55 shares during the last quarter. Kestra Investment Management LLC increased its stake in shares of Manhattan Associates by 2.9% in the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock worth $555,000 after buying an additional 57 shares during the last quarter. Cordatus Wealth Management LLC raised its stake in Manhattan Associates by 4.9% during the first quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock valued at $213,000 after buying an additional 57 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in shares of Manhattan Associates by 8.3% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker’s stock worth $220,000 after buying an additional 62 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

About Manhattan Associates

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.