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Manhattan Associates (MANH) Gets a Buy from Barclays

Tipranks - Wed May 27, 4:12AM CDT

In a report released today, Guy Hardwick from Barclays maintained a Buy rating on Manhattan Associates, with a price target of $239.00.

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Hardwick covers the Technology sector, focusing on stocks such as Manhattan Associates, Cognex, and Teledyne Technologies. According to TipRanks, Hardwick has an average return of 8.8% and a 57.33% success rate on recommended stocks.

In a report released on May 21, D.A. Davidson also reiterated a Buy rating on the stock with a $200.00 price target.

Based on Manhattan Associates’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $282.22 million and a net profit of $49.3 million. In comparison, last year the company earned a revenue of $262.79 million and had a net profit of $52.58 million

Based on the recent corporate insider activity of 49 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. Last month, James Stewart Gantt, the EVP, Professional Services of MANH sold 7,300.00 shares for a total of $1,016,525.00.

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