1 day Ago By Defense World Staff
Manhattan Associates ( NASDAQ:MANH – Get Free Report ) had its price target lifted by analysts at Loop Capital from $265.00 to $285.00 in a research note issued on Monday, Benzinga reports.
The firm presently has a “buy” rating on the software maker’s stock. Loop Capital’s price target suggests a potential upside of 4.57% from the company’s previous close.
Several other equities research analysts have also commented on the company. Citigroup boosted their price target on Manhattan Associates from $220.00 to $257.
00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
Finally, DA Davidson raised their price target on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.
Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.29.
Read Our Latest Analysis on MANH Manhattan Associates Price Performance Manhattan Associates ( NASDAQ:MANH – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
96 by $0.22. Manhattan Associates had a net margin of 20.
54% and a return on equity of 84.54%. The business had revenue of $265.
30 million for the quarter, compared to analysts’ expectations of $255.83 million. During the same period in the prior year, the company posted $0.
63 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis.
Equities research analysts expect that Manhattan Associates will post 3.01 earnings per share for the current fiscal year. Insider Activity at Manhattan Associates In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
0.72% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Manhattan Associates Several hedge funds have recently made changes to their positions in the business.
Norges Bank purchased a new position in Manhattan Associates during the fourth quarter worth about $146,984,000. TD Asset Management Inc lifted its holdings in shares of Manhattan Associates by 234.2% during the 4th quarter.
TD Asset Management Inc now owns 549,308 shares of the software maker’s stock worth $118,277,000 after acquiring an additional 384,941 shares during the period. M&G Plc acquired a new stake in shares of Manhattan Associates in the first quarter worth approximately $77,433,000. Epoch Investment Partners Inc.
grew its holdings in Manhattan Associates by 110.6% in the fourth quarter. Epoch Investment Partners Inc.
now owns 369,352 shares of the software maker’s stock valued at $79,529,000 after purchasing an additional 193,951 shares during the period. Finally, Fiera Capital Corp acquired a new position in Manhattan Associates during the second quarter worth approximately $44,705,000. Institutional investors and hedge funds 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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