Manhattan Associates Inc. (NASDAQ:MANH)’s share price rose 3.6% on Wednesday . The stock traded as high as $66.05 and last traded at $65.87, with a volume of 375,209 shares trading hands. The stock had previously closed at $63.61.

MANH has been the subject of several recent research reports. Brean Capital restated a “buy” rating and set a $75.00 target price on shares of Manhattan Associates in a report on Thursday, May 12th. Zacks Investment Research downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, William Blair downgraded shares of Manhattan Associates from an “outperform” rating to a “market perform” rating in a report on Thursday, April 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $73.50.

The stock has a 50 day moving average of $65.01 and a 200-day moving average of $59.80. The company has a market cap of $4.88 billion and a price-to-earnings ratio of 46.06.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 19th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The company earned $149.90 million during the quarter, compared to analyst estimates of $145.46 million. During the same period in the previous year, the company earned $0.34 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts anticipate that Manhattan Associates Inc. will post $1.76 EPS for the current fiscal year.

In other Manhattan Associates news, CEO Eddie Capel sold 20,000 shares of the company’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $66.36, for a total value of $1,327,200.00. Following the completion of the sale, the chief executive officer now directly owns 197,438 shares of the company’s stock, valued at approximately $13,101,985.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian J. Cassidy sold 17,792 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $67.00, for a total transaction of $1,192,064.00. Following the completion of the sale, the director now directly owns 53,438 shares of the company’s stock, valued at $3,580,346. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Russell Frank Co increased its stake in Manhattan Associates by 9.9% in the fourth quarter. Russell Frank Co now owns 294,099 shares of the company’s stock valued at $20,039,000 after buying an additional 26,506 shares during the last quarter. Retirement Systems of Alabama increased its stake in Manhattan Associates by 0.8% in the fourth quarter. Retirement Systems of Alabama now owns 93,883 shares of the company’s stock valued at $6,212,000 after buying an additional 778 shares during the last quarter. California State Teachers Retirement System increased its stake in Manhattan Associates by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 136,739 shares of the company’s stock valued at $9,048,000 after buying an additional 2,084 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Manhattan Associates by 2.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 42,836 shares of the company’s stock valued at $2,841,000 after buying an additional 900 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in Manhattan Associates by 514.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 113,750 shares of the company’s stock valued at $7,527,000 after buying an additional 95,250 shares during the last quarter.

Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.