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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $199.4545.

A number of equities research analysts have weighed in on MANH shares. DA Davidson restated a “buy” rating and issued a $200.00 target price on shares of Manhattan Associates in a research report on Wednesday, May 20th. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research report on Wednesday, May 20th. Citigroup cut their price objective on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Robert W. Baird increased their price objective on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Manhattan Associates Price Performance

MANH opened at $143.89 on Tuesday. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 40.31 and a beta of 0.97. Manhattan Associates has a 1-year low of $119.06 and a 1-year high of $247.22. The business has a 50 day moving average price of $138.59 and a two-hundred day moving average price of $150.61.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $282.22 million during the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Equities analysts expect that Manhattan Associates will post 3.68 EPS for the current fiscal year.

Manhattan Associates announced that its Board of Directors has approved a share repurchase plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president directly owned 60,815 shares of the company’s stock, valued at $8,468,488.75. The trade was a 10.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the sale, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Manhattan Associates

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after purchasing an additional 88,005 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Manhattan Associates in the fourth quarter worth $6,066,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Manhattan Associates by 30.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after purchasing an additional 43,955 shares in the last quarter. John G Ullman & Associates Inc. bought a new stake in Manhattan Associates in the fourth quarter worth $2,106,000. Finally, Alliancebernstein L.P. boosted its holdings in Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.