Manhattan Associates (NASDAQ:MANH) Price Target Lowered to $225.00 at Robert W. Baird

Manhattan Associates (NASDAQ:MANH - Free Report) had its price objective reduced by Robert W. Baird from $282.00 to $225.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the software maker's stock.

MANH has been the subject of several other research reports. StockNews.com downgraded Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Citigroup decreased their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. DA Davidson decreased their price objective on Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Raymond James decreased their price target on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Finally, William Blair upgraded Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and an average price target of $243.78.

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Manhattan Associates Trading Down 0.8 %

MANH stock traded down $1.36 during mid-day trading on Tuesday, reaching $171.08. The company's stock had a trading volume of 2,852,768 shares, compared to its average volume of 513,644. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 48.74 and a beta of 1.47. Manhattan Associates has a 12 month low of $163.10 and a 12 month high of $312.60. The business's 50 day moving average price is $205.73 and its 200 day moving average price is $254.44.

Insiders Place Their Bets

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business's 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 transaction, the chief financial officer now owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Manhattan Associates by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock worth $1,811,299,000 after purchasing an additional 50,538 shares during the last quarter. FMR LLC lifted its position in shares of Manhattan Associates by 16.2% during the 4th quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock valued at $602,005,000 after buying an additional 310,257 shares during the last quarter. State Street Corp lifted its position in shares of 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 buying an additional 12,787 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after buying an additional 578,295 shares during the last quarter. Finally, Invesco Ltd. lifted 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 valued at $502,960,000 after buying an additional 55,334 shares during the last quarter. Hedge funds and other institutional investors 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.