Barclays Cuts Manhattan Associates (NASDAQ:MANH) Price Target to $236.00

Manhattan Associates (NASDAQ:MANH) had its price objective trimmed by Barclays from $237.00 to $236.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. DA Davidson reduced their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Morgan Stanley lowered their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a report on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.36.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $138.22 on Monday. The company has a market capitalization of $8.27 billion, a P/E ratio of 38.39 and a beta of 1.05. The business has a fifty day simple moving average of $151.40 and a two-hundred day simple moving average of $175.96. Manhattan Associates has a 1 year low of $127.86 and a 1 year high of $247.22.

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

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

Institutional Investors Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Manhattan Associates by 181.6% in the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after acquiring an additional 1,243,390 shares during the period. Norges Bank bought a new stake in Manhattan Associates during the 2nd quarter worth approximately $162,545,000. T. Rowe Price Investment Management Inc. lifted its stake 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 worth $447,182,000 after purchasing an additional 671,589 shares in the last quarter. Alliancebernstein L.P. lifted 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. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Manhattan Associates by 88.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock valued at $136,871,000 after purchasing an additional 314,112 shares during the period. 98.45% of the stock is currently owned by institutional investors.

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.