Manhattan Associates, Inc. (NASDAQ:MANH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $222.4167.

Several analysts have issued reports on the company. DA Davidson set a $250.00 target price on Manhattan Associates in a research note on Wednesday, October 22nd. Raymond James Financial lowered their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Zacks Research cut shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Manhattan Associates

Several institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its holdings in Manhattan Associates by 3.3% in the 1st quarter. Hsbc Holdings PLC now owns 25,159 shares of the software maker’s stock worth $4,343,000 after purchasing an additional 810 shares in the last quarter. Credit Agricole S A increased its position in shares of Manhattan Associates by 1.3% during the first quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock valued at $841,000 after buying an additional 64 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in Manhattan Associates in the first quarter worth about $19,442,000. 1832 Asset Management L.P. lifted its holdings in Manhattan Associates by 17.7% in the first quarter. 1832 Asset Management L.P. now owns 8,149 shares of the software maker’s stock worth $1,410,000 after buying an additional 1,228 shares during the period. Finally, Allstate Corp lifted its holdings in Manhattan Associates by 61.5% in the first quarter. Allstate Corp now owns 2,717 shares of the software maker’s stock worth $470,000 after buying an additional 1,035 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 0.1%

MANH opened at $176.09 on Tuesday. The business’s fifty day simple moving average is $180.27 and its 200 day simple moving average is $197.48. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $299.27. The stock has a market cap of $10.61 billion, a PE ratio of 50.17 and a beta of 1.02.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. The firm had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities analysts anticipate that Manhattan Associates will post 3.3 earnings per share for the current year.

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.