Analysts Set Manhattan Associates, Inc. (NASDAQ:MANH) Price Target at $220.36

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $220.3636.

MANH has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Finally, 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.

Manhattan Associates Trading Up 1.4%

Shares of MANH stock opened at $136.42 on Thursday. Manhattan Associates has a 12 month low of $126.00 and a 12 month high of $247.22. The stock has a market cap of $8.16 billion, a P/E ratio of 37.89 and a beta of 1.05. The company has a 50 day simple moving average of $141.30 and a two-hundred day simple moving average of $168.35.

Manhattan Associates (NASDAQ:MANH) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $264.69 million. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities analysts forecast that Manhattan Associates will post 3.3 earnings per share for the current year.

Manhattan Associates announced that its Board of Directors has initiated a share buyback program on Thursday, March 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Manhattan Associates

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