Manhattan Associates, Inc. (NASDAQ:MANH) Short Interest Update

Manhattan Associates, Inc. (NASDAQ:MANH) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,293,417 shares, an increase of 23.2% from the December 31st total of 1,861,178 shares. Based on an average trading volume of 605,884 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.8% of the shares of the company are short sold. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 605,884 shares, the days-to-cover ratio is currently 3.8 days.

Manhattan Associates Price Performance

MANH opened at $138.52 on Thursday. The firm has a market capitalization of $8.35 billion, a P/E ratio of 38.48 and a beta of 1.04. Manhattan Associates has a one year low of $127.86 and a one year high of $247.22. The company has a fifty day moving average price of $171.01 and a 200-day moving average price of $191.33.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. During the same quarter last year, the company earned $1.17 earnings per share. The firm’s quarterly 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. On average, analysts expect that Manhattan Associates will post 3.3 earnings per share for the current year.

Analyst Ratings Changes

MANH has been the subject of a number of research reports. DA Davidson cut their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Truist Financial set a $240.00 price target on shares of Manhattan Associates in a research note on Thursday, January 15th. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Barclays dropped their target price on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Raymond James Financial cut their price target on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Institutional Investors Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after buying an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after acquiring an additional 41,571 shares in the last quarter. Empowered Funds LLC bought a new position in Manhattan Associates in the first quarter valued at $987,000. Focus Partners Wealth raised its position in Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Manhattan Associates during the second quarter valued at about $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.