Manhattan Associates, Inc. (NASDAQ:MANH) Sees Large Increase in Short Interest

Key Points

• Short interest jumped 44.4% in February to 3,022,105 shares, equal to about 5.1% of the stock and a short-interest ratio (days to cover) of 2.3.
• Manhattan beat January quarter expectations with $1.21 EPS on $270.4M revenue and set FY2026 guidance of 5.040–5.200 EPS.
• Wall Street consensus is a Moderate Buy with an average price target of $218.75 (eight Buy, five Hold ratings), and institutional investors own about 98.45% of the shares.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 3,022,105 shares, an increase of 44.4% from the January 29th total of 2,092,411 shares. Based on an average daily volume of 1,305,063 shares, the short-interest ratio is currently 2.3 days. Currently, 5.1% of the shares of the stock are sold short. Currently, 5.1% of the shares of the stock are sold short. Based on an average daily volume of 1,305,063 shares, the short-interest ratio is currently 2.3 days.

Manhattan Associates Price Performance

MANH traded down $4.18 during trading on Friday, reaching $135.43. 899,236 shares of the stock traded hands, compared to its average volume of 1,006,956. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 37.62 and a beta of 1.04. Manhattan Associates has a fifty-two week low of $127.86 and a fifty-two week high of $247.22. The stock's 50-day simple moving average is $158.97 and its two-hundred day simple moving average is $182.49.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The firm had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Research analysts anticipate that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MANH shares. Weiss Ratings restated a "hold (c)" rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. DA Davidson cut their target price on Manhattan Associates from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Wednesday, January 28th. Stifel Nicolaus cut their price objective on Manhattan Associates from $240.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 23rd. Barclays reduced their price objective on shares of Manhattan Associates from $239.00 to $237.00 and set an "overweight" rating for the company in a research note on Monday, January 12th. Finally, Morgan Stanley cut their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an "equal weight" rating on the stock in a report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $218.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in Manhattan Associates by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker's stock valued at $380,733,000 after purchasing an additional 1,243,390 shares during the period. Norges Bank bought a new stake in shares of Manhattan Associates in the second quarter valued at about $162,545,000. T. Rowe Price Investment Management Inc. grew its position in Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker's stock worth $447,182,000 after buying an additional 671,589 shares in the last quarter. Alliancebernstein L.P. increased its stake in Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker's stock valued at $574,334,000 after acquiring an additional 518,321 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Manhattan Associates by 88.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker's stock valued at $136,871,000 after acquiring an additional 314,112 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Company Profile

Manhattan Associates, Inc NASDAQ: MANH is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.

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