Manhattan Associates (NASDAQ:MANH) had its price objective raised by SunTrust Banks from $85.00 to $92.00 in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the software maker’s stock.

MANH has been the subject of a number of other research reports. ValuEngine cut Manhattan Associates from a strong-buy rating to a buy rating in a report on Thursday, August 1st. BidaskClub upgraded Manhattan Associates from a buy rating to a strong-buy rating in a report on Tuesday, July 16th. Benchmark restated a buy rating and issued a $90.00 price target (up previously from $75.00) on shares of Manhattan Associates in a report on Wednesday, July 24th. Finally, Zacks Investment Research upgraded Manhattan Associates from a hold rating to a strong-buy rating and set a $100.00 price target for the company in a report on Thursday, August 1st. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Manhattan Associates currently has an average rating of Buy and an average target price of $95.50.

Shares of NASDAQ:MANH opened at $82.54 on Monday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 57.31 and a beta of 1.42. Manhattan Associates has a 1 year low of $39.01 and a 1 year high of $89.53. The stock has a 50-day simple moving average of $76.94 and a 200-day simple moving average of $64.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.42 and a current ratio of 1.42.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, July 23rd. The software maker reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.17. The firm had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $146.00 million. Manhattan Associates had a return on equity of 66.00% and a net margin of 16.33%. Manhattan Associates’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Analysts predict that Manhattan Associates will post 1.11 earnings per share for the current year.

In other news, CFO Dennis B. Story sold 10,600 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.00, for a total transaction of $901,000.00. Following the completion of the transaction, the chief financial officer now directly owns 124,533 shares in the company, valued at approximately $10,585,305. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John J. Huntz, Jr. sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.04, for a total value of $297,640.00. Following the transaction, the director now owns 70,170 shares of the company’s stock, valued at $5,967,256.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,100 shares of company stock valued at $4,697,840. 0.68% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in MANH. Invesco Ltd. boosted its stake in shares of Manhattan Associates by 395.8% during the 2nd quarter. Invesco Ltd. now owns 1,269,860 shares of the software maker’s stock valued at $88,039,000 after buying an additional 1,013,762 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Manhattan Associates during the 2nd quarter valued at approximately $30,942,000. AJO LP boosted its stake in shares of Manhattan Associates by 111.4% during the 1st quarter. AJO LP now owns 825,354 shares of the software maker’s stock valued at $45,485,000 after buying an additional 434,963 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Manhattan Associates during the 2nd quarter valued at approximately $18,288,000. Finally, First Trust Advisors LP purchased a new position in shares of Manhattan Associates during the 2nd quarter valued at approximately $13,285,000.

About Manhattan Associates

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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