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

Manhattan Associates, Inc. (NASDAQ:MANH) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $218.75.

A number of equities research analysts recently weighed in on MANH shares. Morgan Stanley lowered their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. UBS Group set a $240.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus lowered their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 23rd.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $149.63 on Wednesday. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 41.56 and a beta of 1.04. Manhattan Associates has a one year low of $127.86 and a one year high of $247.22. The stock has a 50-day simple moving average of $168.51 and a 200 day simple moving average of $189.32.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.10. The company had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.Manhattan Associates’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities research analysts forecast that Manhattan Associates will post 3.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Manhattan Associates

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after buying an additional 5,128 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after acquiring an additional 41,571 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Manhattan Associates in the first quarter valued at approximately $987,000. Focus Partners Wealth increased its stake in shares of Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after acquiring an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in Manhattan Associates during the second quarter worth approximately $446,000. Institutional investors and hedge funds 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.