Citigroup Issues Pessimistic Forecast for Manhattan Associates (NASDAQ:MANH) Stock Price

Manhattan Associates (NASDAQ:MANH) had its price target decreased by stock analysts at Citigroup from $204.00 to $200.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Citigroup’s price objective suggests a potential upside of 15.34% from the stock’s previous close.

Several other analysts have also recently weighed in on MANH. DA Davidson set a $250.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. UBS Group set a $240.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. Raymond James Financial cut their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Zacks Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Stifel Nicolaus cut their price objective on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $222.42.

Manhattan Associates Trading Down 1.5%

NASDAQ:MANH traded down $2.69 during trading hours on Tuesday, hitting $173.40. The company had a trading volume of 115,310 shares, compared to its average volume of 712,136. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $299.27. The company has a market cap of $10.45 billion, a P/E ratio of 49.36 and a beta of 1.02. The company has a 50-day moving average of $180.27 and a 200 day moving average of $197.48.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The business 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 firm earned $1.35 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, analysts forecast that Manhattan Associates will post 3.3 earnings per share for the current year.

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC increased its stake in Manhattan Associates by 3.3% during the first quarter. Hsbc Holdings PLC now owns 25,159 shares of the software maker’s stock worth $4,343,000 after purchasing an additional 810 shares during the period. Credit Agricole S A grew its holdings in shares of Manhattan Associates by 1.3% in the first quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock valued at $841,000 after purchasing an additional 64 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Manhattan Associates by 17.7% during the 1st quarter. 1832 Asset Management L.P. now owns 8,149 shares of the software maker’s stock worth $1,410,000 after buying an additional 1,228 shares during the period. Allstate Corp lifted its holdings in Manhattan Associates by 61.5% during the 1st quarter. Allstate Corp now owns 2,717 shares of the software maker’s stock worth $470,000 after buying an additional 1,035 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Manhattan Associates by 274.3% during the 1st quarter. AlphaQuest LLC now owns 2,534 shares of the software maker’s stock worth $438,000 after buying an additional 1,857 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.