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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $218.75.

Several equities analysts have issued reports on MANH shares. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Stifel Nicolaus cut their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Barclays reduced their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Finally, 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 note on Monday, January 5th.

Institutional Investors Weigh In On Manhattan Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Manhattan Associates by 181.6% in the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after acquiring an additional 1,243,390 shares during the last quarter. Norges Bank acquired a new position in Manhattan Associates during the 2nd quarter valued at about $162,545,000. Alliancebernstein L.P. lifted its position in Manhattan Associates by 22.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after purchasing an additional 518,321 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of 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 purchasing an additional 314,112 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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 Stock Up 0.8%

Shares of MANH stock opened at $141.63 on Wednesday. Manhattan Associates has a 12 month low of $127.86 and a 12 month high of $247.22. The stock has a 50 day moving average of $164.81 and a 200-day moving average of $186.46. The firm has a market cap of $8.48 billion, a PE ratio of 39.34 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The company had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities analysts predict that Manhattan Associates will post 3.3 EPS for the current fiscal year.

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.