Manhattan Associates Stock Price, News & Analysis (NASDAQ:MANH)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manhattan Associates in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MANH shares.
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5 Wall Street research analysts have issued 1 year price targets for Manhattan Associates' stock. Their MANH share price targets range from $175.00 to $230.00. On average, they predict the company's share price to reach $211.33 in the next year. This suggests that the stock has a possible downside of 7.3%.
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Manhattan Associates' stock was trading at $121.40 at the start of the year. Since then, MANH stock has increased by 87.7% and is now trading at $227.92.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Manhattan Associates, Inc. (NASDAQ:MANH) issued its earnings results on Tuesday, October, 24th. The software maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.53 by $0.26. The software maker earned $238.44 million during the quarter, compared to analyst estimates of $226.33 million. Manhattan Associates had a trailing twelve-month return on equity of 84.06% and a net margin of 18.65%.

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 FY23 earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of $3.51-$3.53 for the period, compared to the consensus EPS estimate of $3.09. The company issued revenue guidance of $912-$916 million, compared to the consensus revenue estimate of $891.23 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' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (5.87%), Kayne Anderson Rudnick Investment Management LLC (4.33%), FMR LLC (2.65%), Morgan Stanley (2.47%), American Century Companies Inc. (1.52%) and Canada Pension Plan Investment Board (1.31%). 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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