Analysts Set Manhattan Associates, Inc. (NASDAQ:MANH) Price Target at $286.38

Manhattan Associates, Inc. (NASDAQ:MANH) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $286.38.

A number of equities analysts recently commented on the company. Truist Financial upped their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup increased their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Robert W. Baird increased their price objective on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Raymond James increased their price objective on Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, DA Davidson increased their price objective on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $271.56 on Monday. The business has a 50 day moving average of $280.43 and a 200 day moving average of $253.75. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 77.15 and a beta of 1.52. Manhattan Associates has a 1-year low of $199.23 and a 1-year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. As a group, sell-side analysts anticipate that Manhattan Associates will post 3.4 EPS for the current year.

Institutional Investors Weigh In On Manhattan Associates

Several large investors have recently bought and sold shares of the business. Arete Wealth Advisors LLC bought a new stake in Manhattan Associates in the 3rd quarter worth about $208,000. Toronto Dominion Bank increased its holdings in Manhattan Associates by 30.9% in the 3rd quarter. Toronto Dominion Bank now owns 7,842 shares of the software maker’s stock worth $2,207,000 after buying an additional 1,850 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Manhattan Associates by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 2,887 shares of the software maker’s stock worth $813,000 after purchasing an additional 178 shares during the last quarter. Geode Capital Management LLC boosted its position in Manhattan Associates by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker’s stock worth $426,308,000 after purchasing an additional 82,995 shares during the last quarter. Finally, EWA LLC purchased a new position in Manhattan Associates in the third quarter worth about $212,000. 98.45% of the stock is currently owned by institutional investors.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.