Manhattan Associates (NASDAQ:MANH – Get Rating) had its price target lifted by Loop Capital from $190.00 to $205.00 in a research note released on Wednesday, The Fly reports.
MANH has been the topic of several other reports. Rosenblatt Securities lifted their price target on Manhattan Associates from $150.00 to $160.00 in a research report on Wednesday, April 26th. StockNews.com started coverage on Manhattan Associates in a research report on Thursday, May 18th. They set a buy rating on the stock. DA Davidson lifted their price target on Manhattan Associates from $145.00 to $160.00 in a research report on Wednesday, April 26th. Finally, Robert W. Baird lifted their target price on Manhattan Associates from $168.00 to $184.00 in a report on Wednesday, April 26th.
Manhattan Associates Stock Performance
Shares of MANH stock opened at $174.72 on Wednesday. Manhattan Associates has a 1 year low of $106.02 and a 1 year high of $179.73. The stock has a market cap of $10.84 billion, a PE ratio of 80.15 and a beta of 1.58. The business’s fifty day moving average is $160.06 and its 200-day moving average is $139.76.
Insider Buying and Selling
Institutional Trading of Manhattan Associates
Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Manhattan Associates by 13.5% in the first quarter. BlackRock Inc. now owns 7,461,771 shares of the software maker’s stock worth $1,155,455,000 after buying an additional 888,755 shares during the period. Vanguard Group Inc. boosted its position in Manhattan Associates by 0.5% during the third quarter. Vanguard Group Inc. now owns 6,923,156 shares of the software maker’s stock valued at $920,988,000 after purchasing an additional 36,944 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Manhattan Associates by 3.6% during the fourth quarter. Neuberger Berman Group LLC now owns 2,816,018 shares of the software maker’s stock valued at $341,865,000 after purchasing an additional 97,541 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Manhattan Associates by 3.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,738,298 shares of the software maker’s stock valued at $424,025,000 after purchasing an additional 95,122 shares during the last quarter. Finally, State Street Corp boosted its position in Manhattan Associates by 2.1% during the first quarter. State Street Corp now owns 1,739,702 shares of the software maker’s stock valued at $269,393,000 after purchasing an additional 35,505 shares during the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.
Manhattan Associates Company Profile
Manhattan Associates, Inc engages in developing, selling, deploying, servicing, and maintaining software solutions. Its solutions focus on supply chains, inventory, and omnichannel for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa, and Asia Pacific.
- Get a free copy of the StockNews.com research report on Manhattan Associates (MANH)
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