Manhattan Associates (NASDAQ:MANH) Shares Down 7.3% – Should You Sell?

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) fell 7.3% during mid-day trading on Monday . The company traded as low as $136.01 and last traded at $133.76. 34,863 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 900,548 shares. The stock had previously closed at $144.27.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson lowered their target price 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. Stifel Nicolaus dropped their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Truist Financial set a $240.00 target price on Manhattan Associates in a research report on Thursday, January 15th. Barclays dropped their price objective 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Stock Down 9.6%

The firm has a fifty day moving average of $162.99 and a 200-day moving average of $184.91. The firm has a market cap of $7.81 billion, a P/E ratio of 36.23 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $264.69 million. During the same period in the prior year, the business posted $1.17 earnings per share. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Hedge Funds Weigh In On Manhattan Associates

Several institutional investors have recently modified their holdings of the stock. Midwest Professional Planners LTD. raised its stake in Manhattan Associates by 1.9% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock worth $563,000 after buying an additional 53 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Manhattan Associates by 3.3% during the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after acquiring an additional 59 shares during the period. Archer Investment Corp lifted its position in Manhattan Associates by 8.6% in the 3rd quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after acquiring an additional 62 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Manhattan Associates by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock valued at $2,944,000 after acquiring an additional 67 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Manhattan Associates by 2.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after purchasing an additional 69 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.