Robert W. Baird Boosts Manhattan Associates (NASDAQ:MANH) Price Target to $304.00

Manhattan Associates (NASDAQ:MANH) had its target price increased by Robert W. Baird from $263.00 to $304.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other brokerages have also weighed in on MANH. Truist Financial increased their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, October 11th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson increased their price objective on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Citigroup raised their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Loop Capital raised their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $286.38.

Manhattan Associates Trading Up 0.8 %

Shares of MANH stock opened at $273.49 on Tuesday. The firm has a 50-day moving average price of $274.55 and a 200 day moving average price of $246.77. Manhattan Associates has a twelve month low of $182.97 and a twelve month high of $307.50. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 89.38 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 EPS. As a group, research analysts predict that Manhattan Associates will post 3.01 earnings per share for the current year.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the sale, the executive vice president now owns 46,287 shares of the company’s stock, valued at $11,872,615.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of Manhattan Associates

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Manhattan Associates by 112.2% during the third quarter. Nisa Investment Advisors LLC now owns 17,907 shares of the software maker’s stock worth $5,039,000 after buying an additional 9,468 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Manhattan Associates during the third quarter worth approximately $245,000. Cavalier Investments LLC grew its position in shares of Manhattan Associates by 6.5% during the third quarter. Cavalier Investments LLC now owns 2,271 shares of the software maker’s stock worth $639,000 after buying an additional 138 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Manhattan Associates by 2.1% during the third quarter. State of Alaska Department of Revenue now owns 21,239 shares of the software maker’s stock worth $5,975,000 after buying an additional 435 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Manhattan Associates by 21.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,535 shares of the software maker’s stock worth $713,000 after buying an additional 455 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.