Manhattan Associates (NASDAQ:MANH) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Manhattan Associates (NASDAQ:MANH) from a hold rating to a buy rating in a research note released on Saturday morning.

MANH has been the topic of a number of other research reports. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Barclays reduced their price objective on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday, January 15th. Finally, DA Davidson reduced their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $220.36.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $137.32 on Friday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 38.14 and a beta of 1.05. The business has a 50 day simple moving average of $149.96 and a 200 day simple moving average of $174.92. Manhattan Associates has a 52 week low of $127.86 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued 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. The firm 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%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, analysts predict that Manhattan Associates will post 3.3 EPS for the current year.

Manhattan Associates declared that its Board of Directors has approved a stock buyback program on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Manhattan Associates by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after acquiring an additional 136,708 shares during the last quarter. Alliancebernstein L.P. raised its stake in Manhattan Associates by 22.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after purchasing an additional 518,321 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Manhattan Associates by 35.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after purchasing an additional 671,589 shares during the period. AQR Capital Management LLC boosted its holdings in Manhattan Associates by 6.9% in the 4th quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock valued at $384,668,000 after purchasing an additional 142,407 shares during the period. Finally, Morgan Stanley grew its position in Manhattan Associates by 2.5% in the 4th quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock worth $377,543,000 after purchasing an additional 53,037 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

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.