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

Manhattan Associates, Inc. (NASDAQ:MANH) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $220.8333.

A number of equities analysts have recently weighed in on MANH shares. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Barclays dropped 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. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $208.00 in a research note on Thursday.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in MANH. Vanguard Group Inc. lifted its holdings in shares of Manhattan Associates by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,820,320 shares of the software maker’s stock valued at $1,398,029,000 after buying an additional 108,426 shares during the last quarter. Alliancebernstein L.P. raised its position in Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after acquiring an additional 518,321 shares in the last quarter. AQR Capital Management LLC lifted its stake in Manhattan Associates by 7.7% in the third quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock valued at $425,771,000 after acquiring an additional 149,079 shares during the last quarter. Invesco Ltd. grew its position in Manhattan Associates by 4.1% in the third quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock worth $183,101,000 after acquiring an additional 35,172 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Manhattan Associates by 0.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock worth $176,461,000 after purchasing an additional 5,961 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Down 1.3%

MANH opened at $173.28 on Friday. The firm has a market capitalization of $10.44 billion, a P/E ratio of 49.37 and a beta of 1.02. The stock has a fifty day moving average of $174.43 and a 200-day moving average of $194.93. Manhattan Associates has a 12-month low of $140.81 and a 12-month high of $299.27.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.18. The firm had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.Manhattan Associates’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, analysts expect that Manhattan Associates will post 3.3 earnings per share for the current fiscal 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.