Manhattan Associates (NASDAQ:MANH - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "strong-buy" rating in a report issued on Monday,Zacks.com reports. DA Davidson also issued estimates for Manhattan Associates' Q1 2025 earnings at $0.66 EPS and FY2025 earnings at $3.63 EPS.
Other research analysts have also recently issued reports about the company. Robert W. Baird lowered their price target on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Truist Financial dropped their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Loop Capital cut their price objective on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Raymond James dropped their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Manhattan Associates currently has an average rating of "Moderate Buy" and an average target price of $243.78.
Get Our Latest Analysis on MANH
Manhattan Associates Trading Down 1.5 %
NASDAQ MANH traded down $2.58 on Monday, reaching $172.25. 244,346 shares of the stock were exchanged, compared to its average volume of 527,610. Manhattan Associates has a one year low of $163.10 and a one year high of $312.60. The firm has a market capitalization of $10.53 billion, a PE ratio of 49.09 and a beta of 1.47. The company's 50-day simple moving average is $198.17 and its two-hundred day simple moving average is $252.30.
Insider Transactions at Manhattan Associates
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The stock was 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. 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 available at this hyperlink. Company insiders own 0.72% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Manhattan Associates by 0.8% during the fourth 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 period. FMR LLC increased its holdings in Manhattan Associates by 16.2% during the 4th 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 period. State Street Corp raised its position in Manhattan Associates by 0.6% during the 3rd quarter. State Street Corp now owns 2,203,139 shares of the software maker's stock valued at $619,918,000 after purchasing an additional 12,787 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Manhattan Associates by 43.2% in the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after buying an additional 578,295 shares during the period. Finally, Invesco Ltd. grew its position in shares of Manhattan Associates by 3.1% during the 4th quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker's stock worth $502,960,000 after buying an additional 55,334 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.
Manhattan Associates Company Profile
(
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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.
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