Manhattan Associates (NASDAQ:MANH) Sets New 52-Week Low – What’s Next?

Manhattan Associates, Inc. (NASDAQ:MANH)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $127.86 and last traded at $135.64, with a volume of 2161851 shares changing hands. The stock had previously closed at $150.69.

Analysts Set New Price Targets

A number of research analysts have weighed in on MANH shares. Barclays decreased their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Truist Financial set a $240.00 target price on shares of Manhattan Associates in a report on Thursday, January 15th. Morgan Stanley cut their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Finally, DA Davidson dropped their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $218.75.

Manhattan Associates Price Performance

The company’s 50-day moving average price is $171.76 and its two-hundred day moving average price is $191.71. The company has a market capitalization of $8.17 billion, a P/E ratio of 37.68 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly 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. The business had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. Manhattan Associates’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Manhattan Associates by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after buying an additional 136,708 shares in the last quarter. Alliancebernstein L.P. raised its stake in Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Manhattan Associates by 7.7% in the 3rd quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock valued at $425,771,000 after purchasing an additional 149,079 shares during the period. Invesco Ltd. boosted its holdings in Manhattan Associates by 4.1% in the 3rd quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock valued at $183,101,000 after purchasing an additional 35,172 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Manhattan Associates by 0.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock worth $176,461,000 after purchasing an additional 5,961 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.