Manhattan Associates (NASDAQ:MANH) Trading Down 7.3% – Here’s What Happened

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price dropped 7.3% during trading on Monday . The company traded as low as $136.01 and last traded at $133.76. Approximately 34,863 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 900,548 shares. The stock had previously closed at $144.27.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of recent research reports. Truist Financial set a $240.00 target price on Manhattan Associates in a research report on Thursday, January 15th. DA Davidson decreased their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Morgan Stanley cut their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Finally, Barclays decreased their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Price Performance

The firm has a market capitalization of $7.81 billion, a P/E ratio of 36.23 and a beta of 1.04. The firm’s 50 day moving average is $162.99 and its two-hundred day moving average is $184.91.

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

Hedge Funds Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Fund Management S.A. increased its position in shares of Manhattan Associates by 45.4% during the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after acquiring an additional 39,699 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Manhattan Associates by 4.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after purchasing an additional 6,500 shares during the period. Allianz Asset Management GmbH grew its stake in Manhattan Associates by 33.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock valued at $11,360,000 after purchasing an additional 14,013 shares during the period. Abacus FCF Advisors LLC increased its position in shares of Manhattan Associates by 33.0% during the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock valued at $9,116,000 after purchasing an additional 11,043 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Manhattan Associates by 11.8% during the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock worth $20,461,000 after purchasing an additional 10,526 shares during the period. Institutional investors own 98.45% of the company’s stock.

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.