1 day Ago By ABMN Staff
Manhattan Associates ( NASDAQ:MANH – Get Free Report ) had its price objective upped by equities research analysts at Loop Capital from $265.00 to $285.00 in a research report issued to clients and investors on Monday, Benzinga reports.
The firm presently has a “buy” rating on the software maker’s stock. Loop Capital’s price target indicates a potential upside of 4.57% from the stock’s previous close.
MANH has been the topic of a number of other research reports. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Citigroup upped their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, June 28th.
Finally, DA Davidson increased their price objective on shares of Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.
Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.
29. Read Our Latest Stock Analysis on MANH Manhattan Associates Stock Performance Manhattan Associates ( NASDAQ:MANH – Get Free Report ) last released its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.
18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.22.
Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%.
The company had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million.
During the same period in the previous year, the firm earned $0.63 earnings per share. Manhattan Associates’s revenue for the quarter was up 14.
8% on a year-over-year basis. Analysts predict that Manhattan Associates will post 3.01 earnings per share for the current year.
Insider Buying and Selling In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.
00. Following the completion of the transaction, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50.
The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Insiders own 0.72% of the company’s stock.
Institutional Inflows and Outflows A number of large investors have recently bought and sold shares of MANH. Tobam acquired a new stake in shares of Manhattan Associates during the 1st quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of Manhattan Associates in the 2nd quarter valued at about $26,000.
Benjamin Edwards Inc. bought a new stake in shares of Manhattan Associates during the 1st quarter valued at about $27,000. International Assets Investment Management LLC acquired a new stake in Manhattan Associates during the second quarter worth about $27,000.
Finally, Contravisory Investment Management Inc. bought a new position in Manhattan Associates in the first quarter worth about $31,000. Institutional investors own 98.
45% of the company’s stock. About Manhattan Associates ( Get Free Report ) 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.
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