Manhattan Associates (NASDAQ:MANH) Given New $239.00 Price Target at Barclays

Manhattan Associates (NASDAQ:MANH) had its price objective decreased by stock analysts at Barclays from $244.00 to $239.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s price target suggests a potential upside of 36.35% from the stock’s current price.

Several other brokerages have also recently weighed in on MANH. Truist Financial set a $230.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. Citigroup reissued a “neutral” rating and set a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. DA Davidson set a $250.00 price target on shares of Manhattan Associates in a report on Wednesday, October 22nd. Robert W. Baird upped their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Finally, Zacks Research cut shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.42.

Manhattan Associates Stock Down 0.0%

Shares of MANH stock traded down $0.06 during trading hours on Thursday, hitting $175.29. 285,937 shares of the company’s stock traded hands, compared to its average volume of 733,938. The stock has a market cap of $10.56 billion, a PE ratio of 50.16 and a beta of 1.08. The stock’s 50 day simple moving average is $199.71 and its 200 day simple moving average is $199.77. Manhattan Associates has a 12 month low of $140.81 and a 12 month high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share 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 analysts’ expectations of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. Manhattan Associates’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities research analysts expect that Manhattan Associates will post 3.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Manhattan Associates

Hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares during the period. Eastern Bank purchased a new position in shares of Manhattan Associates in the 3rd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Manhattan Associates by 117.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock worth $45,000 after buying an additional 124 shares during the last quarter. Hantz Financial Services Inc. grew its position in Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after buying an additional 280 shares during the period. Finally, Brooklyn Investment Group increased its holdings in Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after buying an additional 148 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Company Profile

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.