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

Manhattan Associates, Inc. (NASDAQ:MANH) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $222.4167.

Several research firms have weighed in on MANH. Citigroup dropped their price objective on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday. Morgan Stanley set a $200.00 price objective on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. DA Davidson set a $250.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. Finally, Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd.

Hedge Funds Weigh In On Manhattan Associates

Hedge funds have recently bought and sold shares of the company. Capital Fund Management S.A. raised its position in shares of 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. Epoch Investment Partners Inc. increased its stake in Manhattan Associates by 16.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 318,528 shares of the software maker’s stock worth $62,900,000 after buying an additional 44,104 shares in the last quarter. Caxton Associates LLP bought a new stake in Manhattan Associates during the second quarter valued at about $3,339,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Manhattan Associates in the second quarter valued at about $27,073,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Manhattan Associates by 73.3% in the second quarter. Segall Bryant & Hamill LLC now owns 70,226 shares of the software maker’s stock worth $13,868,000 after acquiring an additional 29,696 shares during the period. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $174.89 on Tuesday. The company has a market capitalization of $10.54 billion, a P/E ratio of 49.82 and a beta of 1.02. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $299.27. The stock has a 50 day moving average price of $178.88 and a two-hundred day moving average price of $197.04.

Manhattan Associates (NASDAQ:MANH) last issued its 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. The company had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities analysts predict that Manhattan Associates will post 3.3 earnings per share for the current year.

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.