Manhattan Associates (NASDAQ:MANH) Sets New 1-Year Low – Here’s Why

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $127.86 and last traded at $135.64, with a volume of 2161851 shares trading hands. The stock had previously closed at $150.69.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial set a $240.00 price objective on Manhattan Associates in a report on Thursday, January 15th. Raymond James Financial dropped their price target on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Stifel Nicolaus reduced their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Morgan Stanley dropped their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Finally, DA Davidson cut their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Down 10.0%

The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 37.68 and a beta of 1.04. The company has a 50 day simple moving average of $171.76 and a 200 day simple moving average of $191.71.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results 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. The company had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of MANH. AQR Capital Management LLC increased its holdings in Manhattan Associates by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after purchasing an additional 1,243,390 shares in the last quarter. Norges Bank acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $162,545,000. Alliancebernstein L.P. raised its holdings in Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after buying an additional 518,321 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Manhattan Associates by 88.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock valued at $136,871,000 after buying an additional 314,112 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Manhattan Associates by 86.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after buying an additional 312,858 shares during the period. Institutional investors own 98.45% of the company’s stock.

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.