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

Key Points

• Manhattan Associates, Inc. has a consensus rating of "Moderate Buy" from ten brokerages, with six analysts issuing buy recommendations and one analyst giving a sell recommendation.
• The average target price for the stock is $216.67, with varying price objectives from brokerages; Truist Financial and Raymond James have set targets as high as $250.00.
• Manhattan Associates reported $1.31 EPS for the last quarter, exceeding analyst expectations, while also guiding for FY 2025 EPS to be between 4.760-4.840.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $216.6667.

MANH has been the topic of several research reports. Morgan Stanley initiated coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective on the stock. Truist Financial boosted their price objective on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. DA Davidson boosted their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Citigroup reissued a "neutral" rating and set a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Finally, Robert W. Baird lifted their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State of Wyoming raised its holdings in shares of Manhattan Associates by 15.4% during the second quarter. State of Wyoming now owns 2,754 shares of the software maker's stock valued at $544,000 after purchasing an additional 368 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Manhattan Associates during the second quarter valued at approximately $364,000. Kestra Investment Management LLC raised its holdings in shares of Manhattan Associates by 54.5% during the second quarter. Kestra Investment Management LLC now owns 5,095 shares of the software maker's stock valued at $1,006,000 after purchasing an additional 1,797 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Manhattan Associates during the second quarter valued at approximately $3,339,000. Finally, Castleark Management LLC purchased a new position in shares of Manhattan Associates during the second quarter valued at approximately $4,842,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

NASDAQ:MANH traded up $2.91 during mid-day trading on Friday, hitting $217.86. 428,786 shares of the company's stock were exchanged, compared to its average volume of 454,939. Manhattan Associates has a one year low of $140.81 and a one year high of $312.60. The business has a fifty day moving average price of $213.07 and a 200 day moving average price of $191.71. The company has a market cap of $13.17 billion, a PE ratio of 60.85 and a beta of 1.13.

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