Barclays Has Lowered Expectations for Manhattan Associates (NASDAQ:MANH) Stock Price

Manhattan Associates (NASDAQ:MANH) had its price objective reduced by research analysts at Barclays from $244.00 to $239.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price indicates a potential upside of 34.10% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group set a $240.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Citigroup restated a “neutral” rating and set a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Raymond James Financial reduced their price target on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Truist Financial set a $230.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. Finally, Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $222.42.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $178.23 on Thursday. Manhattan Associates has a one year low of $140.81 and a one year high of $312.60. The company has a market cap of $10.74 billion, a P/E ratio of 50.78 and a beta of 1.08. The firm has a fifty day moving average of $198.32 and a two-hundred day moving average of $199.64.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results 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 business 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%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities analysts predict that Manhattan Associates will post 3.3 earnings per share for the current year.

Institutional Trading of Manhattan Associates

Several institutional investors and hedge funds have recently made changes to their positions in MANH. AQR Capital Management LLC increased its position in Manhattan Associates by 181.6% during 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 in the last quarter. Norges Bank purchased a new stake in shares of Manhattan Associates during the second quarter worth about $162,545,000. Jacobs Levy Equity Management Inc. raised its position in shares of Manhattan Associates by 1,214.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after buying an additional 559,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $190,415,000 after buying an additional 554,840 shares during the period. Finally, Swedbank AB lifted its stake 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 buying an additional 430,981 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.