Manhattan Associates (NASDAQ:MANH) Now Covered by Analysts at Piper Sandler

Piper Sandler assumed coverage on shares of Manhattan Associates (NASDAQ:MANH) in a research report released on Monday morning, Marketbeat reports. The firm issued an overweight rating and a $326.00 price objective on the software maker’s stock.

Several other equities analysts have also commented on MANH. Citigroup upped their target price on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Raymond James upped their target price on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Truist Financial upped their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Robert W. Baird upped their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.78.

Manhattan Associates Stock Up 3.7 %

Shares of NASDAQ:MANH opened at $290.74 on Monday. Manhattan Associates has a 52-week low of $199.23 and a 52-week high of $307.50. The stock’s fifty day simple moving average is $281.33 and its 200-day simple moving average is $255.41. The company has a market capitalization of $17.76 billion, a P/E ratio of 82.60 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Manhattan Associates will post 3.4 earnings per share for the current year.

Institutional Investors Weigh In On Manhattan Associates

Large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $26,000. International Assets Investment Management LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Manhattan Associates in the third quarter valued at about $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $31,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $31,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Company Profile

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.