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

Manhattan Associates, Inc. (NASDAQ:MANH) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $222.8333.

Several brokerages have issued reports on MANH. Citigroup reissued a “neutral” rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Barclays dropped their target price on shares of Manhattan Associates from $247.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. UBS Group set a $240.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Finally, Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd.

Manhattan Associates Trading Up 1.2%

Shares of Manhattan Associates stock opened at $182.07 on Monday. The company has a market cap of $10.97 billion, a P/E ratio of 51.87 and a beta of 1.12. The business has a 50-day moving average price of $205.61 and a two-hundred day moving average price of $199.42. Manhattan Associates has a 1-year low of $140.81 and a 1-year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating the consensus estimate of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same quarter in the prior year, the company earned $1.35 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Equities research analysts forecast that Manhattan Associates will post 3.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its position in Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares during the period. Eastern Bank acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Manhattan Associates by 117.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after acquiring an additional 124 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

About Manhattan Associates

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.