Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Rating of “Buy” by Analysts
Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $59.51.
Several brokerages recently weighed in on MANH. Zacks Investment Research downgraded shares of Manhattan Associates from a “buy” rating to a “sell” rating in a report on Saturday, April 27th. SunTrust Banks upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price target on the stock in a report on Monday, April 22nd. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Finally, BidaskClub upgraded shares of Manhattan Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th.
Shares of Manhattan Associates stock opened at $67.02 on Wednesday. Manhattan Associates has a 52 week low of $39.01 and a 52 week high of $68.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.33 billion, a P/E ratio of 42.42 and a beta of 1.49.
In related news, SVP Robert G. Howell sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $54.00, for a total value of $148,500.00. Following the transaction, the senior vice president now owns 155,697 shares in the company, valued at approximately $8,407,638. The sale was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Manhattan Associates by 4,137.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,120,220 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,093,781 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $40,000. Captrust Financial Advisors lifted its holdings in shares of Manhattan Associates by 83.0% in the 4th quarter. Captrust Financial Advisors now owns 1,041 shares of the software maker’s stock worth $44,000 after purchasing an additional 472 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $60,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $67,000.
Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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