Manhattan Associates, Inc. (NASDAQ:MANH) Receives $199.45 Consensus Target Price from Analysts

Manhattan Associates, Inc. (NASDAQ:MANH) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $199.4545.

A number of research firms recently issued reports on MANH. Citigroup lowered their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. DA Davidson reiterated a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research report on Wednesday, May 20th. Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a research report on Thursday, April 16th. Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Manhattan Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Manhattan Associates by 72.1% in 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 purchasing an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Manhattan Associates in the 1st quarter valued at $987,000. Focus Partners Wealth boosted its stake in shares of Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter valued at $446,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Down 2.7%

Shares of Manhattan Associates stock opened at $128.77 on Tuesday. The firm’s 50 day moving average is $138.60 and its 200 day moving average is $149.08. The firm has a market capitalization of $7.62 billion, a PE ratio of 36.07 and a beta of 0.97. Manhattan Associates has a 1 year low of $119.06 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, research analysts anticipate that Manhattan Associates will post 3.68 earnings per share for the current year.

Manhattan Associates declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.