Manhattan Associates, Inc. (NASDAQ:MANH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $199.4545.

MANH has been the subject of a number of analyst reports. Weiss Ratings raised Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Robert W. Baird increased their price objective on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Barclays reduced their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a report on Wednesday, May 20th.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in Manhattan Associates by 3.3% during the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after purchasing an additional 59 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Manhattan Associates by 2.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after buying an additional 69 shares during the period. Covestor Ltd raised its stake in shares of Manhattan Associates by 12.2% during the fourth quarter. Covestor Ltd now owns 670 shares of the software maker’s stock worth $116,000 after buying an additional 73 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Manhattan Associates by 3.4% in the fourth quarter. Verdence Capital Advisors LLC now owns 2,322 shares of the software maker’s stock valued at $402,000 after buying an additional 76 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in Manhattan Associates by 1.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,369 shares of the software maker’s stock valued at $1,104,000 after acquiring an additional 80 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $163.19 on Friday. Manhattan Associates has a one year low of $119.06 and a one year high of $247.22. The company has a market cap of $9.66 billion, a P/E ratio of 45.71 and a beta of 0.97. The firm has a fifty day moving average of $143.56 and a two-hundred day moving average of $145.74.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities analysts predict that Manhattan Associates will post 3.72 earnings per share for the current year.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.