Manhattan Associates (NASDAQ:MANH) Stock Rating Lowered by Wall Street Zen

Manhattan Associates (NASDAQ:MANH) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other equities analysts have also recently commented on MANH. Weiss Ratings cut Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Citigroup lowered their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research report on Wednesday, May 20th. Barclays reduced their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Manhattan Associates Price Performance

NASDAQ MANH traded down $1.73 during trading on Friday, hitting $154.90. 483,897 shares of the company’s stock traded hands, compared to its average volume of 630,416. The stock has a fifty day moving average of $141.63 and a two-hundred day moving average of $146.27. Manhattan Associates has a 12-month low of $119.06 and a 12-month high of $247.22. The firm has a market cap of $9.17 billion, a P/E ratio of 43.39 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm had revenue of $282.21 million for the quarter, compared to the consensus estimate of $273.70 million. During the same quarter in the previous year, the business earned $1.19 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, analysts expect that Manhattan Associates will post 3.72 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. This trade represents a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MANH. Eagle Bay Advisors LLC purchased a new position in Manhattan Associates during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Manhattan Associates by 508.9% in the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after buying an additional 229 shares during the period. BNP Paribas purchased a new stake in shares of Manhattan Associates in the 4th quarter worth about $39,000. Finally, TD Private Client Wealth LLC grew its position in shares of Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares during the period. 98.45% of the stock is owned by hedge funds and other 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.