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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $220.3636.

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Barclays decreased their target price on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th.

Manhattan Associates Stock Up 0.9%

Shares of MANH opened at $134.30 on Thursday. The stock’s 50-day moving average price is $143.62 and its 200 day moving average price is $170.34. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 37.31 and a beta of 1.05. Manhattan Associates has a 12-month low of $126.00 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $1.17 EPS. 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. Equities research analysts expect that Manhattan Associates will post 3.3 EPS for the current year.

Manhattan Associates declared that its Board of Directors has approved a share repurchase program on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Manhattan Associates

Several large investors have recently modified their holdings of MANH. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Manhattan Associates by 4.7% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after acquiring an additional 6,500 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Manhattan Associates by 33.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock worth $11,360,000 after purchasing an additional 14,013 shares during the last quarter. Abacus FCF Advisors LLC increased its position in shares of Manhattan Associates by 33.0% during the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock worth $9,116,000 after purchasing an additional 11,043 shares in the last quarter. Cerity Partners LLC increased its position in shares of Manhattan Associates by 11.8% during the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock worth $20,461,000 after purchasing an additional 10,526 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Manhattan Associates by 16.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 318,528 shares of the software maker’s stock valued at $62,900,000 after purchasing an additional 44,104 shares during the last quarter. 98.45% of the stock is currently owned by 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.