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

by · The Markets Daily

Manhattan Associates, Inc. (NASDAQ:MANH – Get Free Report) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $199.4545.

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. DA Davidson restated a “buy” rating and issued a $200.00 target price on shares of Manhattan Associates in a research report on Wednesday, May 20th. Citigroup decreased their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings upgraded Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research note on Wednesday, May 20th.

Get Our Latest Analysis on Manhattan Associates

Manhattan Associates Stock Up 4.2%

Shares of MANH opened at $163.13 on Friday. The firm has a 50-day moving average price of $143.15 and a 200 day moving average price of $145.61. The firm has a market capitalization of $9.65 billion, a PE ratio of 45.69 and a beta of 0.97. Manhattan Associates has a 52-week low of $119.06 and a 52-week high of $247.22.

Manhattan Associates (NASDAQ:MANH – Get Free Report) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.21 million for the quarter, compared to analysts’ expectations of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. Manhattan Associates’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts expect that Manhattan Associates will post 3.72 EPS for the current year.

Insider Transactions at Manhattan Associates

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

Institutional Trading of Manhattan Associates

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after buying an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after acquiring an additional 41,571 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Manhattan Associates during the 1st quarter valued at $987,000. Focus Partners Wealth boosted its stake in shares of Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates during the 2nd quarter worth $446,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Company Profile

(Get Free Report)

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.

Featured Articles