Manhattan Associates (NASDAQ:MANH) Price Target Raised to $120.00 at Truist

Manhattan Associates (NASDAQ:MANH) had its price target lifted by Truist from $110.00 to $120.00 in a research note published on Thursday, The Fly reports.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Manhattan Associates from a hold rating to a buy rating in a research note on Monday, October 12th. Loop Capital initiated coverage on shares of Manhattan Associates in a research note on Tuesday, August 25th. They set a buy rating and a $125.00 target price on the stock. Zacks Investment Research raised shares of Manhattan Associates from a sell rating to a hold rating in a report on Wednesday, September 23rd. TheStreet cut shares of Manhattan Associates from a b- rating to a c+ rating in a report on Thursday, July 23rd. Finally, Rosenblatt Securities raised their target price on shares of Manhattan Associates from $100.00 to $120.00 and gave the stock a buy rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Manhattan Associates has an average rating of Buy and a consensus target price of $109.43.

Shares of NASDAQ MANH opened at $101.95 on Thursday. The firm’s 50 day moving average price is $96.74 and its 200-day moving average price is $85.10. Manhattan Associates has a 52-week low of $35.20 and a 52-week high of $106.17. The company has a market cap of $6.48 billion, a PE ratio of 76.65 and a beta of 1.96.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Thursday, July 23rd. The software maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $135.63 million during the quarter, compared to the consensus estimate of $127.27 million. Manhattan Associates had a net margin of 14.15% and a return on equity of 57.45%. As a group, equities research analysts forecast that Manhattan Associates will post 1.19 earnings per share for the current year.

In other news, Director Edmond Eger sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $98.05, for a total value of $245,125.00. Following the transaction, the director now owns 13,458 shares in the company, valued at approximately $1,319,556.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its holdings in Manhattan Associates by 30,000.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 602 shares of the software maker’s stock worth $57,000 after purchasing an additional 600 shares during the period. Hanseatic Management Services Inc. raised its stake in shares of Manhattan Associates by 30.5% in the second quarter. Hanseatic Management Services Inc. now owns 753 shares of the software maker’s stock worth $71,000 after buying an additional 176 shares during the period. Nachman Norwood & Parrott Inc bought a new position in shares of Manhattan Associates in the third quarter worth about $114,000. Advisor Group Holdings Inc. purchased a new position in shares of Manhattan Associates during the 1st quarter valued at about $143,000. Finally, CIBC Asset Management Inc bought a new position in shares of Manhattan Associates during the 2nd quarter valued at approximately $219,000.

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.

See Also: How to use beta for portfolio diversification

The Fly

Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with's FREE daily email newsletter.