Manhattan Associates (NASDAQ:MANH) Raised to "Strong-Buy" at Barclays

Key Points

• Barclays upgraded Manhattan Associates to a "strong-buy" rating, reflecting growing confidence among analysts following recent performance.
• The stock has a market cap of $12.63 billion and a 52-week trading range between $140.81 and $312.60, indicating volatility and potential for growth.
• Manhattan Associates recently reported earnings of $1.31 per share, surpassing expectations and demonstrating a year-over-year revenue increase of 2.7%.

Manhattan Associates (NASDAQ:MANH - Get Free Report) was upgraded by analysts at Barclays to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Manhattan Associates in a research note on Wednesday. Raymond James Financial raised their target price on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Zacks Research lowered Manhattan Associates from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Robert W. Baird raised their price objective on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $222.45.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $208.90 on Tuesday. Manhattan Associates has a 52-week low of $140.81 and a 52-week high of $312.60. The stock has a market cap of $12.63 billion, a PE ratio of 58.35 and a beta of 1.12. The firm's 50 day moving average price is $212.57 and its two-hundred day moving average price is $195.28.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data 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. 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 analysts' expectations of $263.62 million. During the same quarter in the previous year, the business posted $1.18 EPS. Manhattan Associates's revenue for the quarter was up 2.7% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, sell-side analysts predict that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Manhattan Associates

In other news, Chairman Eddie Capel sold 37,342 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total value of $8,296,645.56. Following the completion of the sale, the chairman directly owned 162,988 shares of the company's stock, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $448,376.72. Following the transaction, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock worth $9,251,781 over the last quarter. 0.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Manhattan Associates

Large investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC boosted its stake in shares of Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker's stock valued at $26,000 after purchasing an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker's stock worth $45,000 after buying an additional 124 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker's stock valued at $61,000 after acquiring an additional 280 shares during the last quarter. Brooklyn Investment Group lifted its holdings 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 valued at $62,000 after purchasing an additional 148 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Manhattan Associates by 127.7% in the second quarter. Allworth Financial LP now owns 435 shares of the software maker's stock worth $86,000 after buying an additional 244 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

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.

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