Manhattan Associates (NASDAQ:MANH) Price Target Raised to $250.00 at DA Davidson

Manhattan Associates (NASDAQ:MANH - Get Free Report) had its target price increased by DA Davidson from $225.00 to $250.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. DA Davidson's price objective would suggest a potential upside of 13.49% from the company's previous close. DA Davidson also issued estimates for Manhattan Associates' Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.84 EPS, FY2025 earnings at $3.38 EPS and FY2026 earnings at $3.67 EPS.

MANH has been the subject of several other reports. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Robert W. Baird upped their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Morgan Stanley began coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 price target for the company. Truist Financial lifted their price objective on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Citigroup reissued a "neutral" rating and set a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $216.67.

Manhattan Associates Price Performance

Manhattan Associates stock traded up $2.57 during trading hours on Wednesday, reaching $220.28. The stock had a trading volume of 1,156,966 shares, compared to its average volume of 570,585. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $312.60. The business's 50 day moving average price is $194.26 and its 200-day moving average price is $194.56. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 61.53 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating the consensus estimate of $1.12 by $0.19. The firm had revenue of $272.42 million during the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. Manhattan Associates's revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. On average, sell-side analysts forecast that Manhattan Associates will post 3.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Aberdeen Group plc grew its stake in shares of Manhattan Associates by 6.3% during the second quarter. Aberdeen Group plc now owns 23,182 shares of the software maker's stock worth $4,535,000 after purchasing an additional 1,366 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Manhattan Associates by 68.1% in the 2nd quarter. Blue Trust Inc. now owns 533 shares of the software maker's stock valued at $105,000 after acquiring an additional 216 shares during the last quarter. Callan Family Office LLC raised its position in shares of Manhattan Associates by 1,168.9% during the 2nd quarter. Callan Family Office LLC now owns 15,684 shares of the software maker's stock worth $3,097,000 after acquiring an additional 14,448 shares in the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth about $265,000. Finally, Carolina Wealth Advisors LLC lifted its stake in Manhattan Associates by 31.9% during the second quarter. Carolina Wealth Advisors LLC now owns 6,262 shares of the software maker's stock worth $1,237,000 after purchasing an additional 1,516 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

About Manhattan Associates

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.