Barclays Issues Pessimistic Forecast for Manhattan Associates (NASDAQ:MANH) Stock Price

Manhattan Associates (NASDAQ:MANH) had its price objective cut by equities researchers at Barclays from $237.00 to $236.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective suggests a potential upside of 66.81% from the stock’s current price.

Several other brokerages have also recently commented on MANH. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday, January 15th. Stifel Nicolaus lowered their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Morgan Stanley cut their price target on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Finally, DA Davidson decreased 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, January 28th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.36.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded up $0.70 during mid-day trading on Monday, hitting $141.48. 92,754 shares of the stock were exchanged, compared to its average volume of 854,286. Manhattan Associates has a twelve month low of $127.86 and a twelve month high of $247.22. The stock’s fifty day simple moving average is $153.17 and its two-hundred day simple moving average is $177.29. The company has a market cap of $8.47 billion, a P/E ratio of 39.29 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The business had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. During the same period in the previous year, the business earned $1.17 EPS. 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. As a group, equities research analysts predict that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Manhattan Associates

Several large investors have recently bought and sold shares of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after buying an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Manhattan Associates by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC bought a new position in shares of Manhattan Associates during the 1st quarter valued at about $987,000. Focus Partners Wealth lifted its holdings in shares of Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Manhattan Associates in the 2nd quarter valued at approximately $446,000. Institutional investors own 98.45% of the company’s stock.

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.