Manhattan Associates (NASDAQ:MANH – Get Free Report)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Sandler in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $268.00 price objective on the software maker’s stock, down from their prior price objective of $326.00. Piper Sandler’s price target suggests a potential upside of 25.15% from the company’s current price.
Other analysts have also recently issued reports about the stock. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Truist Financial cut their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup decreased their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday. Robert W. Baird raised their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Raymond James lifted their target price on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $273.33.
Get Our Latest Stock Report on MANH
Manhattan Associates Stock Performance
Insider Buying and Selling at Manhattan Associates
In other news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the transaction, the senior vice president now directly owns 22,086 shares in the company, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the sale, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MANH. Capital Performance Advisors LLP purchased a new stake in shares of Manhattan Associates in the 3rd quarter valued at $34,000. Synergy Asset Management LLC bought a new stake in Manhattan Associates in the fourth quarter worth $35,000. Ashton Thomas Securities LLC purchased a new stake in Manhattan Associates during the third quarter valued at about $42,000. Carolina Wealth Advisors LLC bought a new position in shares of Manhattan Associates during the third quarter valued at about $50,000. Finally, Brooklyn Investment Group purchased a new position in shares of Manhattan Associates in the third quarter worth about $58,000. 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.
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