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

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.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on 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.

A number of brokerages have recently weighed in on MANH. Morgan Stanley started coverage on Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 price target on the stock. Loop Capital lifted their price objective on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Truist Financial lifted their price objective on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Raymond James Financial lifted their price objective on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, 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 report on Wednesday, July 16th.

Manhattan Associates Trading Down 1.4%

Shares of MANH stock opened at $216.10 on Friday. Manhattan Associates has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 60.36 and a beta of 1.13. The stock's fifty day simple moving average is $212.02 and its 200-day simple moving average is $190.73.

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

Insiders Place Their Bets

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the completion of the sale, the director owned 11,907 shares of the company's stock, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $220.33, for a total value 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 represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,666 shares of company stock valued at $9,251,781 over the last quarter. Insiders own 0.88% of the company's stock.

Institutional Trading of Manhattan Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming lifted its position in shares of Manhattan Associates by 15.4% in the second quarter. State of Wyoming now owns 2,754 shares of the software maker's stock worth $544,000 after buying an additional 368 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Manhattan Associates in the second quarter worth about $364,000. Kestra Investment Management LLC lifted its position in shares of Manhattan Associates by 54.5% in the second quarter. Kestra Investment Management LLC now owns 5,095 shares of the software maker's stock worth $1,006,000 after buying an additional 1,797 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Manhattan Associates in the second quarter worth about $3,339,000. Finally, Castleark Management LLC acquired a new stake in shares of Manhattan Associates in the second quarter worth about $4,842,000. 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.

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