Manhattan Associates (MANH) Gets a Hold Rating from William Blair

In a report released yesterday, Matthew Pfau from William Blair maintained a Hold rating on Manhattan Associates (MANHResearch Report). The company’s shares closed last Tuesday at $145.22, close to its 52-week high of $149.78.

According to TipRanks.com, Pfau is a 4-star analyst with an average return of 25.2% and a 69.6% success rate. Pfau covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Squarespace, and Karooooo.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manhattan Associates with a $153.33 average price target.

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The company has a one-year high of $149.78 and a one-year low of $83.74. Currently, Manhattan Associates has an average volume of 353.9K.

Based on the recent corporate insider activity of 19 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.

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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.