Brokerages Set Manhattan Associates, Inc. (NASDAQ:MANH) Price Target at $222.42

Manhattan Associates, Inc. (NASDAQ:MANH) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $222.4167.

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Stifel Nicolaus dropped their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. Truist Financial set a $230.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Finally, Citigroup dropped their price target on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Whipplewood Advisors LLC raised its stake in Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares during the last quarter. Eastern Bank bought a new stake in shares of Manhattan Associates in the 3rd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after buying an additional 124 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Down 0.0%

Shares of MANH opened at $176.29 on Tuesday. The business’s 50 day moving average is $178.00 and its 200 day moving average is $196.88. Manhattan Associates has a 12-month low of $140.81 and a 12-month high of $299.27. The company has a market capitalization of $10.62 billion, a PE ratio of 50.23 and a beta of 1.02.

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