Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Recommendation of “Moderate Buy” by Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $220.3636.

Several equities analysts have issued reports on MANH shares. DA Davidson cut their price objective on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Barclays lowered their target price on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd.

Manhattan Associates Trading Up 0.9%

NASDAQ MANH opened at $134.30 on Thursday. Manhattan Associates has a 1-year low of $126.00 and a 1-year high of $247.22. The company has a 50 day moving average of $143.62 and a 200-day moving average of $170.34. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 37.31 and a beta of 1.05.

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

Manhattan Associates declared that its Board of Directors has authorized a share buyback program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Manhattan Associates

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 valued at $28,000 after purchasing an additional 112 shares in the last quarter. Eastern Bank bought a new position in Manhattan Associates in the 3rd quarter worth approximately $30,000. Eagle Bay Advisors LLC acquired a new position in Manhattan Associates during the 4th quarter worth $27,000. BNP Paribas acquired a new position in Manhattan Associates during the 4th quarter worth $39,000. Finally, TD Private Client Wealth LLC boosted its position in Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after buying an additional 109 shares during the last quarter. 98.45% of the stock is owned by 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.