Manhattan Associates (NASDAQ:MANH) Given New $239.00 Price Target at Barclays

Manhattan Associates (NASDAQ:MANH) had its target price lowered by Barclays from $244.00 to $239.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

MANH has been the topic of a number of other research reports. Stifel Nicolaus cut their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Morgan Stanley set a $200.00 target price on Manhattan Associates and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Truist Financial set a $230.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. Robert W. Baird raised their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.42.

Manhattan Associates Stock Performance

Shares of MANH opened at $177.42 on Thursday. The firm has a fifty day moving average of $199.07 and a 200-day moving average of $199.62. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 50.55 and a beta of 1.08. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.18. The firm had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. Manhattan Associates’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Analysts predict that Manhattan Associates will post 3.3 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Manhattan Associates by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after purchasing an additional 1,243,390 shares during the last quarter. Norges Bank bought a new stake in shares of Manhattan Associates during the 2nd quarter worth $162,545,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Manhattan Associates by 1,214.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock worth $104,869,000 after acquiring an additional 559,923 shares during the last quarter. 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 first 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, Swedbank AB lifted its holdings in shares of Manhattan Associates by 116.8% during the first quarter. Swedbank AB now owns 800,000 shares of the software maker’s stock valued at $138,432,000 after purchasing an additional 430,981 shares during the last quarter. 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.