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

Key Points

• Manhattan Associates, Inc. has received an average recommendation of "Moderate Buy" from 14 research firms, with eight analysts recommending a buy, five holding, and one selling.
• The average one-year price target for the stock among brokerages is $222.45, with individual targets ranging from $200.00 to $250.00.
• For the last quarter, Manhattan Associates reported earnings of $1.31 per share, surpassing analyst expectations, and projected FY 2025 earnings between $4.760 and $4.840 EPS.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $222.4545.

MANH has been the subject of a number of research reports. Citigroup reaffirmed a "neutral" rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Barclays initiated coverage on shares of Manhattan Associates in a research report on Tuesday. They issued an "overweight" rating and a $247.00 price target for the company. Robert W. Baird lifted their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Truist Financial upped their target price on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, DA Davidson increased their target price on Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $208.90 on Thursday. Manhattan Associates has a 52-week low of $140.81 and a 52-week high of $312.60. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 58.35 and a beta of 1.12. The stock has a 50 day moving average price of $212.57 and a 200 day moving average price of $195.28.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $263.62 million. During the same period in the previous year, the company posted $1.18 EPS. Manhattan Associates's 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. Analysts forecast that Manhattan Associates will post 3.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value of $448,376.72. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the sale, the executive vice president directly owned 48,660 shares of the company's stock, valued at $10,721,257.80. The trade was a 4.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,666 shares of company stock worth $9,251,781. 0.88% of the stock is owned by corporate insiders.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC grew its stake in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker's stock worth $26,000 after buying an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker's stock worth $45,000 after acquiring an additional 124 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Manhattan Associates by 1,000.0% in the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker's stock worth $61,000 after acquiring an additional 280 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock worth $62,000 after acquiring an additional 148 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker's stock valued at $86,000 after acquiring an additional 244 shares in the last quarter. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.