Manhattan Associates (NASDAQ:MANH) Upgraded by Wall Street Zen to “Buy” Rating

Manhattan Associates (NASDAQ:MANH) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

MANH has been the topic of a number of other reports. Barclays lowered their target price on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. DA Davidson reduced their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $220.36.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $137.32 on Friday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 38.14 and a beta of 1.05. Manhattan Associates has a 12 month low of $127.86 and a 12 month high of $247.22. The stock’s 50 day moving average price is $149.96 and its 200 day moving average price is $175.16.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. During the same period last year, the company posted $1.17 EPS. The firm’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. On average, sell-side analysts expect that Manhattan Associates will post 3.3 EPS for the current year.

Manhattan Associates declared that its Board of Directors has authorized a share buyback program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Manhattan Associates

Hedge funds have recently bought and sold shares of the company. Capital Fund Management S.A. raised its stake in Manhattan Associates by 45.4% during the 2nd quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after purchasing an additional 39,699 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Manhattan Associates by 4.7% in 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 purchasing an additional 6,500 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Manhattan Associates by 33.8% in the third quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock worth $11,360,000 after buying an additional 14,013 shares during the period. Abacus FCF Advisors LLC grew its holdings in shares of Manhattan Associates by 33.0% during the third quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock valued at $9,116,000 after buying an additional 11,043 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Manhattan Associates by 11.8% during the third quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock valued at $20,461,000 after buying an additional 10,526 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other 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.