Analyst Rating Update on Manhattan Associates (MANH)

Manhattan Associates (NASDAQ:MANH) : 3 analysts are covering Manhattan Associates (NASDAQ:MANH) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Manhattan Associates (NASDAQ:MANH) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

For the current week, the company shares have a recommendation consensus of Buy.

Manhattan Associates (NASDAQ:MANH): stock turned positive on Tuesday. Though the stock opened at $61.4, the bulls momentum made the stock top out at $62.1191 level for the day. The stock recorded a low of $60.98 and closed the trading day at $61.27, in the green by 0.96%. The total traded volume for the day was 727,284. The stock had closed at $60.69 in the previous days trading.

In an insider trading activity, Cassidy Brian J, director of Manhattan Associates Inc, unloaded 17,792 shares at an average price of $67 on June 7, 2016. The total amount of the transaction was worth $1,192,064, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and Omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. The Companys solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain, Omni-channel and inventory. Its solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers. It has operations in North America, Europe, and the Asia/Pacific region.

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