Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Recommendation of “Moderate Buy” by Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $222.4167.

A number of brokerages have recently weighed in on MANH. Barclays lowered their target price on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. Morgan Stanley set a $200.00 price objective on shares of Manhattan Associates and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. DA Davidson set a $250.00 target price on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $176.09 on Tuesday. The firm has a 50 day moving average price of $180.27 and a two-hundred day moving average price of $197.48. The stock has a market cap of $10.61 billion, a P/E ratio of 50.17 and a beta of 1.02. Manhattan Associates has a 52-week low of $140.81 and a 52-week high of $299.27.

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

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds have recently modified their holdings of MANH. Whipplewood Advisors LLC grew its stake in shares of Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after acquiring an additional 118 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Eastern Bank bought a new position in Manhattan Associates during the third quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after purchasing an additional 124 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after buying an additional 280 shares in the last quarter. 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.