Manhattan Associates, Inc. (NASDAQ:MANH) Receives $202.91 Consensus Price Target from Analysts

Manhattan Associates, Inc. (NASDAQ:MANH) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $202.9091.

A number of research firms have recently commented on MANH. Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Stifel Nicolaus dropped their price target on Manhattan Associates from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Barclays lifted their target price on Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd.

Manhattan Associates Price Performance

NASDAQ MANH opened at $140.13 on Monday. The firm has a market cap of $8.29 billion, a P/E ratio of 39.25 and a beta of 0.96. The stock’s 50-day moving average is $136.84 and its 200-day moving average is $159.22. Manhattan Associates has a one year low of $119.06 and a one year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.Manhattan Associates’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Equities analysts anticipate that Manhattan Associates will post 3.75 EPS for the current year.

Manhattan Associates announced that its Board of Directors has initiated a share buyback 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 buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI acquired a new stake in Manhattan Associates in the 1st quarter valued at approximately $375,000. Fifth Third Bancorp raised its position in Manhattan Associates by 3,239.2% in the 1st quarter. Fifth Third Bancorp now owns 21,972 shares of the software maker’s stock valued at $2,925,000 after buying an additional 21,314 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Manhattan Associates by 12.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,760 shares of the software maker’s stock valued at $767,000 after buying an additional 654 shares during the last quarter. Equitable Trust Co. acquired a new stake in Manhattan Associates in the 1st quarter valued at approximately $539,000. Finally, Elevated Capital Advisors LLC acquired a new stake in Manhattan Associates in the 1st quarter valued at approximately $88,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.