MANH

Redburn Atlantic Initiates Coverage of Manhattan Associates (MANH) with Buy Recommendation

Fintel reports that on May 14, 2024, Redburn Atlantic initiated coverage of Manhattan Associates (NasdaqGS:MANH) with a Buy recommendation.

Analyst Price Forecast Suggests 16.65% Upside

As of May 8, 2024, the average one-year price target for Manhattan Associates is 249.19. The forecasts range from a low of 222.20 to a high of $288.75. The average price target represents an increase of 16.65% from its latest reported closing price of 213.62.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Manhattan Associates is 927MM, a decrease of 3.71%. The projected annual non-GAAP EPS is 3.08.

What is the Fund Sentiment?

There are 1,233 funds or institutions reporting positions in Manhattan Associates. This is an increase of 55 owner(s) or 4.67% in the last quarter. Average portfolio weight of all funds dedicated to MANH is 0.33%, an increase of 5.55%. Total shares owned by institutions increased in the last three months by 0.61% to 73,548K shares. MANH / Manhattan Associates, Inc. Put/Call Ratios The put/call ratio of MANH is 0.58, indicating a bullish outlook.

What are Other Shareholders Doing?

MANH / Manhattan Associates, Inc. Shares Held by Institutions

Alliancebernstein holds 3,145K shares representing 5.11% ownership of the company. In its prior filing, the firm reported owning 3,322K shares , representing a decrease of 5.66%. The firm decreased its portfolio allocation in MANH by 6.73% over the last quarter.

Kayne Anderson Rudnick Investment Management holds 2,609K shares representing 4.24% ownership of the company. In its prior filing, the firm reported owning 2,664K shares , representing a decrease of 2.11%. The firm decreased its portfolio allocation in MANH by 6.40% over the last quarter.

Invesco holds 2,265K shares representing 3.68% ownership of the company. In its prior filing, the firm reported owning 3,611K shares , representing a decrease of 59.46%. The firm decreased its portfolio allocation in MANH by 39.64% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,930K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 1,926K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in MANH by 2.49% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 1,869K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 1,927K shares , representing a decrease of 3.13%. The firm decreased its portfolio allocation in MANH by 2.39% over the last quarter.

Manhattan Associates Background Information
(This description is provided by the company.)

Manhattan Associates is a technology leader in supply chain and omnichannel commerce. The company unites information across the enterprise, converging front-end sales with back-end supply chain execution. Its software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for its customers.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.