Several other equities analysts also recently issued reports on the stock. Rosenblatt Securities reissued a buy rating and set a $100.00 price objective on shares of Manhattan Associates in a research note on Friday, November 8th. ValuEngine downgraded shares of Manhattan Associates from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Manhattan Associates from a buy rating to a hold rating in a research note on Wednesday, December 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $92.00.
Shares of MANH traded up $0.40 on Wednesday, hitting $84.82. 5,634 shares of the stock traded hands, compared to its average volume of 271,893. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $5.39 billion, a P/E ratio of 53.73 and a beta of 1.47. The stock’s 50 day moving average is $80.89 and its two-hundred day moving average is $79.88. Manhattan Associates has a 1 year low of $46.39 and a 1 year high of $89.53.
A number of large investors have recently bought and sold shares of MANH. Invesco Ltd. raised its stake in Manhattan Associates by 395.8% during the second quarter. Invesco Ltd. now owns 1,269,860 shares of the software maker’s stock worth $88,039,000 after purchasing an additional 1,013,762 shares during the period. Nuveen Asset Management LLC purchased a new position in Manhattan Associates during the second quarter worth approximately $18,288,000. First Trust Advisors LP raised its stake in Manhattan Associates by 101.4% during the third quarter. First Trust Advisors LP now owns 385,867 shares of the software maker’s stock worth $31,128,000 after purchasing an additional 194,249 shares during the period. BlackRock Inc. raised its stake in Manhattan Associates by 2.2% during the second quarter. BlackRock Inc. now owns 6,325,561 shares of the software maker’s stock worth $438,551,000 after purchasing an additional 137,409 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its stake in Manhattan Associates by 50.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 334,722 shares of the software maker’s stock worth $23,207,000 after purchasing an additional 112,147 shares during the period.
Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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