Manhattan Associates, Inc. (NASDAQ:MANH – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $199.4545.
MANH has been the subject of a number of research analyst reports. Citigroup lowered their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. DA Davidson reaffirmed a “buy” rating and set a $200.00 target price on shares of Manhattan Associates in a research note on Wednesday, May 20th. Barclays dropped their price target on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Robert W. Baird upped their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a research report on Wednesday, May 20th.
Read Our Latest Report on Manhattan Associates
Manhattan Associates Stock Down 1.1%
Manhattan Associates (NASDAQ:MANH – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The company had revenue of $282.21 million during the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Sell-side analysts expect that Manhattan Associates will post 3.72 earnings per share for the current year.
Insider Buying and Selling at Manhattan Associates
In other news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on 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 $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company’s stock.
Institutional Trading of Manhattan Associates
Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $124,264,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Manhattan Associates by 35.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after acquiring an additional 671,589 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after acquiring an additional 518,321 shares in the last quarter. Amundi increased its position in shares of Manhattan Associates by 479.4% during the first quarter. Amundi now owns 454,095 shares of the software maker’s stock worth $60,449,000 after acquiring an additional 375,719 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Manhattan Associates by 76.4% in the third quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock valued at $145,073,000 after acquiring an additional 306,516 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
About Manhattan Associates
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.
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