Manhattan Associates, Inc. (NASDAQ:MANH) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Manhattan Associates, Inc. has received a consensus recommendation of "Moderate Buy" from ten analysts, with one sell rating, three hold ratings, and six buy ratings.
• The stock's average price target among brokerages is $216.67, with recent target price increases noted from analysts like Raymond James and DA Davidson.
• Manhattan Associates recently reported EPS of $1.31, exceeding estimates, and set a FY 2025 guidance of $4.76-$4.84 EPS.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $216.6667.

Several analysts have recently issued reports on the company. Raymond James Financial upped their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Robert W. Baird increased their target price on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Loop Capital increased their target price on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Finally, DA Davidson raised their price objective on Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction of $506,759.00. Following the completion of the sale, the executive vice president directly owned 48,660 shares of the company's stock, valued at $10,721,257.80. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value of $8,296,645.56. Following the completion of the transaction, the chairman owned 162,988 shares in the company, valued at $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.88% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Manhattan Associates by 181.6% during the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker's stock worth $380,733,000 after acquiring an additional 1,243,390 shares in the last quarter. Norges Bank acquired a new stake in shares of Manhattan Associates in the 2nd quarter valued at about $162,545,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Manhattan Associates by 1,214.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker's stock valued at $104,869,000 after purchasing an additional 559,923 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Manhattan Associates by 101.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker's stock valued at $190,415,000 after purchasing an additional 554,840 shares during the period. Finally, Swedbank AB raised its stake in shares of Manhattan Associates by 116.8% in the 1st quarter. Swedbank AB now owns 800,000 shares of the software maker's stock valued at $138,432,000 after purchasing an additional 430,981 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Up 1.8%

Shares of Manhattan Associates stock traded up $3.85 on Wednesday, reaching $216.26. 422,077 shares of the company were exchanged, compared to its average volume of 568,772. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 60.41 and a beta of 1.10. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The stock has a fifty day moving average price of $205.80 and a 200-day moving average price of $187.72.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.19. The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.Manhattan Associates's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, equities analysts anticipate that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

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.