Manhattan Associates, Inc. (NASDAQ:MANH) Sees Large Increase in Short Interest

Manhattan Associates, Inc. (NASDAQ:MANH) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 2,293,417 shares, a growth of 23.2% from the December 31st total of 1,861,178 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average trading volume of 605,884 shares, the days-to-cover ratio is presently 3.8 days. Based on an average trading volume of 605,884 shares, the days-to-cover ratio is presently 3.8 days. Approximately 3.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in 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 acquiring an additional 1,243,390 shares during the period. Norges Bank bought a new stake in shares of Manhattan Associates during the second quarter worth approximately $162,545,000. Alliancebernstein L.P. grew its position in shares of Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after purchasing an additional 518,321 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Manhattan Associates by 88.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after purchasing an additional 314,112 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Manhattan Associates by 86.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after purchasing an additional 312,858 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MANH shares. Raymond James Financial dropped their price target on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. UBS Group set a $240.00 target price on Manhattan Associates in a research note on Wednesday, October 22nd. Stifel Nicolaus reduced their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Finally, Barclays decreased their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Nine 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, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Down 10.0%

MANH stock opened at $135.64 on Wednesday. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 37.68 and a beta of 1.04. Manhattan Associates has a twelve month low of $127.86 and a twelve month high of $247.22. The business has a 50 day moving average price of $171.76 and a two-hundred day moving average price of $191.71.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating 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 company had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. During the same quarter in the prior year, the firm posted $1.17 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that Manhattan Associates will post 3.3 EPS for the current fiscal year.

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.