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

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $202.9091.

A number of analysts have recently weighed in on MANH shares. Robert W. Baird increased their target price on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and set a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Finally, Barclays upped their target price on Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $143.18 on Friday. The business’s 50 day simple moving average is $135.16 and its two-hundred day simple moving average is $152.75. The stock has a market capitalization of $8.47 billion, a P/E ratio of 40.11 and a beta of 0.95. Manhattan Associates has a one year low of $119.06 and a one year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Sell-side analysts expect that Manhattan Associates will post 3.75 earnings per share for the current fiscal year.

Manhattan Associates declared that its Board of Directors has approved a share repurchase plan 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 plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the transaction, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. BNP Paribas bought a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $39,000. TD Private Client Wealth LLC raised its holdings in shares of Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after acquiring an additional 109 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $44,000. Institutional investors 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.