Manhattan Associates (NASDAQ:MANH – Get Rating) had its price target lifted by Robert W. Baird from $161.00 to $168.00 in a research note published on Friday morning, The Fly reports.
Separately, StockNews.com raised shares of Manhattan Associates from a hold rating to a buy rating in a research report on Thursday, October 27th.
Get Manhattan Associates alerts:Manhattan Associates Price Performance
Shares of MANH opened at $149.81 on Friday. The firm has a market capitalization of $9.35 billion, a PE ratio of 73.44 and a beta of 1.64. The company's 50-day moving average is $122.93 and its 200-day moving average is $129.28. Manhattan Associates has a fifty-two week low of $106.02 and a fifty-two week high of $158.61.
Institutional Investors Weigh In On Manhattan Associates
A number of large investors have recently bought and sold shares of MANH. Private Trust Co. NA acquired a new stake in Manhattan Associates during the second quarter worth about $30,000. Altshuler Shaham Ltd bought a new position in shares of Manhattan Associates in the third quarter worth about $32,000. Castle Wealth Management LLC bought a new position in shares of Manhattan Associates in the second quarter worth about $35,000. Quadrant Capital Group LLC lifted its holdings in shares of Manhattan Associates by 168.4% in the second quarter. Quadrant Capital Group LLC now owns 314 shares of the software maker's stock worth $36,000 after acquiring an additional 197 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Manhattan Associates in the 2nd quarter valued at approximately $36,000. 96.92% of the stock is currently owned by institutional investors and hedge funds.Manhattan Associates Company Profile
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Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.
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