Benchmark Boosts Manhattan Associates (NASDAQ:MANH) Price Target to $105.00
Manhattan Associates (NASDAQ:MANH) had its target price raised by Benchmark from $83.00 to $105.00 in a report released on Monday, The Fly reports. They currently have a buy rating on the software maker’s stock.
A number of other equities analysts have also recently weighed in on MANH. SunTrust Banks boosted their price target on Manhattan Associates from $80.00 to $98.00 and gave the stock a buy rating in a report on Thursday, May 28th. Rosenblatt Securities boosted their price target on Manhattan Associates from $80.00 to $100.00 and gave the stock a buy rating in a report on Thursday, May 21st. BidaskClub raised Manhattan Associates from a buy rating to a strong-buy rating in a report on Tuesday, June 30th. Zacks Investment Research cut Manhattan Associates from a buy rating to a hold rating in a report on Wednesday, June 24th. Finally, TheStreet raised Manhattan Associates from a c+ rating to a b- rating in a report on Friday, May 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $98.80.
Shares of MANH stock opened at $90.16 on Monday. The stock has a fifty day moving average price of $87.89 and a 200 day moving average price of $74.55. The stock has a market cap of $5.92 billion, a PE ratio of 66.79 and a beta of 2.04. Manhattan Associates has a 1 year low of $35.20 and a 1 year high of $96.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23.
In other Manhattan Associates news, SVP Robert G. Howell sold 31,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $90.02, for a total transaction of $2,790,620.00. Following the completion of the sale, the senior vice president now owns 128,925 shares of the company’s stock, valued at $11,605,828.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John J. Huntz, Jr. sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $88.95, for a total value of $222,375.00. Following the sale, the director now directly owns 67,412 shares of the company’s stock, valued at approximately $5,996,297.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,500 shares of company stock valued at $3,728,695. Company insiders own 0.74% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Chevy Chase Trust Holdings Inc. purchased a new stake in Manhattan Associates during the fourth quarter valued at about $41,000. Contravisory Investment Management Inc. purchased a new stake in Manhattan Associates during the first quarter valued at about $84,000. Pearl River Capital LLC purchased a new stake in Manhattan Associates during the first quarter valued at about $98,000. Sterling Investment Advisors Ltd. grew its position in Manhattan Associates by 100.0% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,000 shares of the software maker’s stock valued at $99,000 after acquiring an additional 1,000 shares during the period. Finally, Advisor Group Holdings Inc. purchased a new stake in Manhattan Associates during the first quarter valued at about $143,000.
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.
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