Manhattan Associates, Inc. (NASDAQ:MANH) Receives $222.42 Consensus PT from Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $222.4167.

Several research analysts have commented on MANH shares. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. Stifel Nicolaus reduced their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Zacks Research downgraded shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Raymond James Financial cut their price target on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Finally, Truist Financial set a $230.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd.

Manhattan Associates Stock Up 0.3%

MANH opened at $176.59 on Friday. The business’s fifty day simple moving average is $189.76 and its 200 day simple moving average is $198.98. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $312.60. The stock has a market cap of $10.64 billion, a PE ratio of 50.31 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. The firm had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities analysts anticipate that Manhattan Associates will post 3.3 earnings per share for the current year.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in shares of Manhattan Associates by 181.6% in the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after buying an additional 1,243,390 shares during the period. Norges Bank bought a new stake in Manhattan Associates in the 2nd quarter worth $162,545,000. Jacobs Levy Equity Management Inc. increased its position in shares of Manhattan Associates by 1,214.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after acquiring an additional 559,923 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Manhattan Associates by 101.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock valued at $190,415,000 after acquiring an additional 554,840 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after acquiring an additional 518,321 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.