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.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 21st. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.07. The firm had revenue of $153.90 million during the quarter, compared to analysts’ expectations of $152.55 million. Manhattan Associates had a return on equity of 58.45% and a net margin of 14.01%. Manhattan Associates’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities research analysts predict that Manhattan Associates will post 1.2 earnings per share for the current year.

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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Analyst Recommendations for Manhattan Associates (NASDAQ:MANH)

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