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Manhattan Associates (MANH) Gets a Buy from Truist Financial

Tipranks - Thu Jan 29, 6:56AM CST

In a report released today, Terry Tillman from Truist Financial reiterated a Buy rating on Manhattan Associates, with a price target of $240.00.

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According to TipRanks, Tillman is an analyst with an average return of -0.7% and a 42.66% success rate. Tillman covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Manhattan Associates, and Shopify.

In addition to Truist Financial, Manhattan Associates also received a Buy from TipRanks – Google’s Google 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.

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