Manhattan Associates (NASDAQ:MANH) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Manhattan Associates' stock received a "hold (C)" rating from Weiss Ratings, while other analysts have varied opinions, with ratings ranging from "Strong Buy" to "Sell".
• The company reported strong quarterly earnings of $1.31 EPS, exceeding estimates, alongside a year-over-year revenue increase of 2.7% to $272.42 million.
• Insiders have sold significant shares recently, with 41,666 shares valued at $9.25 million sold in the last quarter, indicating possible shifts in confidence among executive leadership.

Manhattan Associates (NASDAQ:MANH - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

MANH has been the subject of several other reports. Robert W. Baird boosted their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Barclays started coverage on Manhattan Associates in a report on Tuesday. They issued an "overweight" rating and a $247.00 target price for the company. Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. DA Davidson upped their target price on Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Citigroup restated a "neutral" rating and issued a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $222.45.

Manhattan Associates Stock Performance

Shares of MANH opened at $208.90 on Wednesday. Manhattan Associates has a one year low of $140.81 and a one year high of $312.60. The stock 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 quarterly earnings results 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 return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $272.42 million during the quarter, compared to analysts' expectations of $263.62 million. During the same period in the previous year, the business earned $1.18 earnings per share. The firm'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. On average, analysts predict that Manhattan Associates will post 3.3 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the sale, the director directly owned 11,907 shares in the company, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the transaction, the executive vice president directly owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. This represents a 4.51% 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 in the last quarter. 0.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its position in shares of Manhattan Associates by 1.5% in the second quarter. Alliancebernstein L.P. now owns 2,283,580 shares of the software maker's stock worth $450,939,000 after buying an additional 34,205 shares during the period. AQR Capital Management LLC raised its stake in Manhattan Associates by 181.6% during the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker's stock valued at $380,733,000 after buying an additional 1,243,390 shares in the last quarter. Swedbank AB raised its position in shares of Manhattan Associates by 50.0% during the 2nd quarter. Swedbank AB now owns 1,199,969 shares of the software maker's stock worth $236,958,000 after purchasing an additional 399,969 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Manhattan Associates by 101.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker's stock worth $190,415,000 after purchasing an additional 554,840 shares during the period. Finally, Norges Bank bought a new position in Manhattan Associates in the 2nd quarter worth approximately $162,545,000. 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.

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