Manhattan Associates, Inc. (NASDAQ:MANH) Sees Large Growth in Short Interest

Manhattan Associates, Inc. (NASDAQ:MANH) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,293,417 shares, a growth of 23.2% from the December 31st total of 1,861,178 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 605,884 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily trading volume, of 605,884 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

MANH has been the subject of several analyst reports. Barclays lowered their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. UBS Group set a $240.00 target price on Manhattan Associates in a research note on Wednesday, October 22nd. DA Davidson dropped their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Finally, Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds have recently made changes to their positions in MANH. Whipplewood Advisors LLC grew its position in Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $28,000 after acquiring an additional 112 shares in the last quarter. Eastern Bank acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH traded down $21.65 on Tuesday, reaching $129.05. The stock had a trading volume of 464,220 shares, compared to its average volume of 752,967. The stock has a market cap of $7.78 billion, a P/E ratio of 36.13 and a beta of 1.04. Manhattan Associates has a 12-month low of $131.25 and a 12-month high of $247.22. The business’s 50-day moving average price is $172.58 and its 200 day moving average price is $192.17.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. During the same period in the previous year, the company posted $1.17 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, sell-side analysts predict that Manhattan Associates will post 3.3 earnings per share for the current year.

About Manhattan Associates

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.