Manhattan Associates (MANH) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manhattan Associates in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MANH shares.
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5 analysts have issued 1-year target prices for Manhattan Associates' stock. Their MANH share price forecasts range from $175.00 to $230.00. On average, they anticipate the company's share price to reach $210.67 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
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Manhattan Associates' stock was trading at $121.40 at the start of the year. Since then, MANH shares have increased by 62.6% and is now trading at $197.38.
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Manhattan Associates saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,290,000 shares, an increase of 34.2% from the August 31st total of 960,900 shares. Based on an average trading volume of 440,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our MANH earnings forecast.

Manhattan Associates, Inc. (NASDAQ:MANH) released its quarterly earnings data on Tuesday, July, 25th. The software maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.13. The software maker earned $231.02 million during the quarter, compared to analyst estimates of $216.43 million. Manhattan Associates had a trailing twelve-month return on equity of 75.18% and a net margin of 17.21%.

ETFs with the largest weight of Manhattan Associates (NASDAQ:MANH) stock in their portfolio include American Century Mid Cap Growth Impact (MID), Invesco S&P MidCap Quality ETF (XMHQ), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Invesco Focused Discovery Growth ETF (IVDG), Alger Mid Cap 40 ETF (FRTY), Invesco Dynamic Software ETF (PSJ), Franklin Disruptive Commerce ETF (BUYZ) and Invesco Dorsey Wright Technology Momentum ETF (PTF).

Manhattan Associates updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $3.07-$3.11 for the period, compared to the consensus EPS estimate of $2.88. The company issued revenue guidance of $886.00 million-$894.00 million, compared to the consensus revenue estimate of $862.71 million.

478 employees have rated Manhattan Associates Chief Executive Officer Eddie Capel on Glassdoor.com. Eddie Capel has an approval rating of 94% among the company's employees. This puts Eddie Capel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manhattan Associates investors own include Cisco Systems (CSCO), Broadcom (AVGO), Gilead Sciences (GILD), NIKE (NKE), Procter & Gamble (PG), Visa (V), AbbVie (ABBV), Activision Blizzard (ATVI), Pfizer (PFE) and QUALCOMM (QCOM).

Manhattan Associates trades on the NASDAQ under the ticker symbol "MANH."

Manhattan Associates' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.45%), Alliancebernstein L.P. (5.30%), Kayne Anderson Rudnick Investment Management LLC (4.37%), Brown Capital Management LLC (2.88%), State Street Corp (2.82%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include Bruce Richards, Deepak Raghavan, Dennis B Story, Eddie Capel, Edmond Eger, James Stewart Gantt, John J Huntz Jr, John J Huntz, Jr, Linda T Hollembaek, Thomas E Noonan, Thomas E Noonan and Topline Capital Partners, Lp.
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Shares of MANH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MANH stock can currently be purchased for approximately $197.38.

Manhattan Associates (NASDAQ:MANH) has a market capitalization of $12.17 billion and generates $767.08 million in revenue each year. The software maker earns $128.96 million in net income (profit) each year or $2.32 on an earnings per share basis.

The company employs 4,150 workers across the globe.

Manhattan Associates' mailing address is 2300 WINDY RIDGE PARKWAY TENTH FLOOR, ATLANTA GA, 30339. The official website for the company is www.manh.com. The software maker can be reached via phone at (770) 955-7070, via email at mhumphries@manh.com, or via fax at 770-955-0302.