Stifel Nicolaus Sticks to Its Buy Rating for Manhattan Associates (MANH)

Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on Manhattan Associates today and set a price target of $225.00.

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According to TipRanks, Parker Lane is an analyst with an average return of -4.2% and a 37.60% success rate. Parker Lane covers the Technology sector, focusing on stocks such as Adobe, Salesforce, and Guidewire.

In addition to Stifel Nicolaus, Manhattan Associates also received a Buy from TipRanks – OpenAI’s OpenAI Software – Application in a report issued today. However, on January 15, TipRanks – Google downgraded Manhattan Associates (NASDAQ: MANH) to a Hold.

Based on Manhattan Associates’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $275.8 million and a net profit of $58.63 million. In comparison, last year the company earned a revenue of $266.68 million and had a net profit of $63.78 million

Based on the recent corporate insider activity of 28 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, Eric Andrew Clark, the President & CEO of MANH sold 1,600.00 shares for a total of $282,224.00.