Manhattan Associates, Inc. (NASDAQ:MANH) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $214.20.

Several analysts have issued reports on MANH shares. Stifel Nicolaus upped their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Robert W. Baird boosted their price target on Manhattan Associates from $218.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. UBS Group set a $210.00 price target on Manhattan Associates in a research report on Monday. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Barclays raised their price objective on Manhattan Associates from $201.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th.

Insider Transactions at Manhattan Associates

In related news, EVP James Gantt sold 5,139 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the sale, the executive vice president owned 55,676 shares in the company, valued at $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric Clark sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the transaction, the chief executive officer directly owned 89,638 shares in the company, valued at $17,726,810.88. This represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.84% 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 MANH. NBH Bank bought a new stake in shares of Manhattan Associates in the 2nd quarter worth approximately $37,000. Versant Capital Management Inc grew its stake in Manhattan Associates by 508.9% during the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after buying an additional 229 shares during the last quarter. BNP Paribas acquired a new stake in Manhattan Associates in the fourth quarter worth $39,000. Leonteq Securities AG acquired a new stake in Manhattan Associates in the fourth quarter worth $44,000. Finally, V Square Quantitative Management LLC lifted its stake in Manhattan Associates by 35.9% in the first quarter. V Square Quantitative Management LLC now owns 348 shares of the software maker’s stock valued at $46,000 after buying an additional 92 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

Shares of MANH stock opened at $200.11 on Friday. The firm has a market cap of $11.67 billion, a P/E ratio of 57.34 and a beta of 0.95. Manhattan Associates has a 1-year low of $119.06 and a 1-year high of $227.03. The firm has a fifty day moving average of $200.82 and a two-hundred day moving average of $161.71.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $297.79 million for the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. On average, sell-side analysts expect that Manhattan Associates will post 3.87 EPS for the current year.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops cloud-based software designed to help businesses manage supply chains, inventory, warehouse operations, transportation, and omnichannel commerce. Its solutions are used by retailers, wholesalers, manufacturers, distributors, logistics providers, and other organizations seeking to coordinate products, orders, labor, and fulfillment activities.

The company’s product portfolio includes Manhattan Active Warehouse Management, Manhattan Active Transportation Management, Manhattan Active Order Management, and related tools for inventory optimization, workforce management, customer engagement, and point-of-sale operations.