Manhattan Associates (NASDAQ:MANH) Trading Down 8.3% – Should You Sell?

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price was down 8.3% during mid-day trading on Tuesday . The company traded as low as $144.76 and last traded at $138.13. Approximately 27,312 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 737,402 shares. The stock had previously closed at $150.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MANH shares. Raymond James Financial dropped their target price 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. Morgan Stanley dropped their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus dropped their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Stock Performance

The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 36.78 and a beta of 1.04. The company has a 50 day moving average price of $172.58 and a two-hundred day moving average price of $192.17.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. The business had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manhattan Associates

Several large investors have recently bought and sold shares of MANH. Capital Fund Management S.A. lifted its stake 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 worth $25,090,000 after purchasing an additional 39,699 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Manhattan Associates by 4.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after purchasing an additional 6,500 shares in the last quarter. Abacus FCF Advisors LLC grew its holdings in Manhattan Associates by 33.0% in the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock worth $9,116,000 after buying an additional 11,043 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Manhattan Associates by 11.8% in the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock worth $20,461,000 after acquiring an additional 10,526 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in Manhattan Associates during the second quarter valued at $3,339,000. 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.