Short Interest in Manhattan Associates, Inc. (NASDAQ:MANH) Rises By 44.4%

Manhattan Associates, Inc. (NASDAQ:MANH) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 3,022,105 shares, an increase of 44.4% from the January 29th total of 2,092,411 shares. Based on an average daily volume of 1,305,063 shares, the short-interest ratio is currently 2.3 days. Approximately 5.1% of the company’s stock are short sold. Approximately 5.1% of the company’s stock are short sold. Based on an average daily volume of 1,305,063 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MANH. Stifel Nicolaus reduced their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Barclays reduced their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. DA Davidson cut their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Truist Financial set a $240.00 target price on shares of Manhattan Associates in a report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Stock Performance

NASDAQ:MANH traded up $4.54 during mid-day trading on Monday, hitting $139.97. 808,134 shares of the company’s stock traded hands, compared to its average volume of 1,002,296. The company has a fifty day moving average of $158.25 and a 200 day moving average of $181.70. Manhattan Associates has a twelve month low of $127.86 and a twelve month high of $247.22. The company has a market capitalization of $8.38 billion, a P/E ratio of 38.88 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The business had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. During the same quarter last year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, research analysts expect that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manhattan Associates

A number of large investors have recently made changes to their positions in MANH. Midwest Professional Planners LTD. raised its stake in Manhattan Associates by 1.9% in the 2nd quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock worth $563,000 after acquiring an additional 53 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Manhattan Associates by 3.3% in the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares during the period. Archer Investment Corp raised its stake in shares of Manhattan Associates by 8.6% in the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock worth $161,000 after purchasing an additional 62 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Manhattan Associates by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after purchasing an additional 67 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Manhattan Associates by 2.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock valued at $555,000 after buying an additional 69 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.