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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $216.6667.

MANH has been the subject of a number of research analyst reports. Raymond James Financial upped their target price on Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. DA Davidson upped their target price on Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Citigroup reissued a “neutral” rating and issued a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Morgan Stanley initiated coverage on Manhattan Associates in a research report on Monday, July 14th. They set an “underweight” rating and a $190.00 price objective for the company. Finally, Redburn Atlantic cut Manhattan Associates from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th.

Manhattan Associates Stock Down 0.6%

Shares of NASDAQ MANH opened at $215.55 on Wednesday. The stock has a market cap of $13.03 billion, a PE ratio of 60.21 and a beta of 1.10. Manhattan Associates has a 52-week low of $140.81 and a 52-week high of $312.60. The business has a 50-day moving average price of $204.42 and a 200 day moving average price of $187.33.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.19. The firm had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Sell-side analysts anticipate that Manhattan Associates will post 3.3 earnings per share for the current year.

Insiders Place Their Bets

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the sale, the director directly owned 11,907 shares of the company’s stock, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the sale, the executive vice president directly owned 48,660 shares of the company’s stock, valued at $10,721,257.80. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,666 shares of company stock valued at $9,251,781. 0.72% of the stock is owned by company insiders.

Institutional Trading of Manhattan Associates

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of 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 valued at $380,733,000 after buying an additional 1,243,390 shares during the period. Norges Bank acquired a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $162,545,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Manhattan Associates by 1,214.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after buying an additional 559,923 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Manhattan Associates by 101.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock valued at $190,415,000 after buying an additional 554,840 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Manhattan Associates by 116.8% in the 1st quarter. Swedbank AB now owns 800,000 shares of the software maker’s stock valued at $138,432,000 after buying an additional 430,981 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.