Manhattan Associates (NASDAQ:MANH) Given New $240.00 Price Target at DA Davidson

Manhattan Associates (NASDAQ:MANH) had its price target reduced by DA Davidson from $250.00 to $240.00 in a research note published on Wednesday,Benzinga reports. DA Davidson currently has a buy rating on the software maker’s stock.

Several other brokerages have also recently weighed in on MANH. Barclays reduced their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Stifel Nicolaus lowered their price target 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. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Stock Down 5.1%

Shares of NASDAQ:MANH opened at $161.14 on Wednesday. The firm has a market capitalization of $9.71 billion, a PE ratio of 45.91 and a beta of 1.02. The company has a 50-day moving average price of $173.64 and a two-hundred day moving average price of $193.21. Manhattan Associates has a twelve month low of $140.81 and a twelve month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced 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 company had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 78.13%. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Analysts anticipate that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of MANH. AQR Capital Management LLC raised its position in shares of Manhattan Associates by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after buying an additional 1,243,390 shares in the last quarter. Norges Bank purchased a new stake in Manhattan Associates during the second quarter valued at about $162,545,000. Alliancebernstein L.P. lifted 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 worth $574,334,000 after purchasing an additional 518,321 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Manhattan Associates by 88.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after purchasing an additional 314,112 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Manhattan Associates by 86.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after purchasing an additional 312,858 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates News Roundup

Here are the key news stories impacting Manhattan Associates this week:

• Positive Sentiment: Q4 beat and strong top‑line: Manhattan reported $1.21 EPS vs. $1.11 consensus and $270.4M revenue, showing mid-single‑digit revenue growth and healthy margins. Manhattan Associates Reports Fourth Quarter Results
• Positive Sentiment: Raised FY‑2026 EPS guide: management set FY EPS of $5.04–$5.20 versus the sell‑side consensus (~$4.61), signaling confidence in subscription and cloud revenue expansion. Earnings Release / Guidance
• Positive Sentiment: Management emphasizing cloud & AI growth and subscription momentum — potential multi‑year upside as customers adopt AI agents and cloud services. Manhattan Associates Leans Into Cloud and AI Growth
• Neutral Sentiment: Analyst reactions mixed but still constructive: DA Davidson trimmed its price target from $250 to $240 while keeping a Buy rating, leaving substantial upside though slightly moderating optimism. Benzinga: DA Davidson Price Target Cut
• Neutral Sentiment: Call transcript and market coverage provide detail for investors to model subscription cadence and AI adoption timing. (Earnings call transcript available.) Earnings Call Transcript
• Negative Sentiment: Short interest jumped ~23.2% in January to ~2.29M shares (≈3.8% of shares outstanding), increasing potential for downward pressure and amplified volatility. Source: short interest update
• Negative Sentiment: Technicals and valuation headwinds: the stock is trading below its 50‑ and 200‑day moving averages and at a high forward P/E (~46), which can prompt profit‑taking after the post‑earnings pop.
• Negative Sentiment: Higher trading volume and recent intraday swings indicate active repositioning by investors (some booked gains after the initial rally), adding short‑term selling pressure.

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.