Manhattan Associates (NASDAQ:MANH) Trading Down 8.3% – Here’s Why

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price was down 8.3% on Tuesday . The stock traded as low as $144.76 and last traded at $138.13. Approximately 27,312 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 737,402 shares. The stock had previously closed at $150.69.

Wall Street Analysts Forecast Growth

Several research firms have commented on MANH. Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Barclays reduced their price objective on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Truist Financial set a $240.00 price objective on Manhattan Associates in a research report on Thursday, January 15th. Finally, Morgan Stanley cut their price objective on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Performance

The firm’s fifty day simple moving average is $172.58 and its 200 day simple moving average is $192.17. The stock has a market capitalization of $7.92 billion, a P/E ratio of 36.78 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. During the same period in the previous year, the business earned $1.17 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MANH. Whipplewood Advisors LLC boosted its stake in shares of Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Eastern Bank bought a new position in Manhattan Associates in the 3rd quarter worth $30,000. Eagle Bay Advisors LLC purchased a new stake in Manhattan Associates in the fourth quarter worth about $27,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

About Manhattan Associates

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.