William Blair analyst Dylan Becker maintained a Hold rating on Manhattan Associates (MANH – Research Report) today. The company’s shares closed yesterday at $230.63.
Becker covers the Technology sector, focusing on stocks such as Autodesk, The Descartes Systems Group, and Altair Engineering. According to TipRanks, Becker has an average return of 4.2% and a 52.38% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manhattan Associates with a $251.00 average price target.
Based on Manhattan Associates’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $238.44 million and a net profit of $49.42 million. In comparison, last year the company earned a revenue of $198.1 million and had a net profit of $29.67 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MANH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Manhattan Associates (MANH) Company Description:
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 segment: 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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