Manhattan Associates, Inc. (NASDAQ:MANH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $218.75.

MANH has been the subject of a number of recent analyst reports. DA Davidson reduced their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Stifel Nicolaus lowered their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Morgan Stanley reduced their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Finally, Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th.

Institutional Investors Weigh In On Manhattan Associates

A number of institutional investors and hedge funds have recently bought and sold shares of MANH. MidFirst Bank purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at $299,000. Cambient Family Office LLC purchased a new position in Manhattan Associates in the fourth quarter worth $1,171,000. T. Rowe Price Investment Management Inc. grew its position in Manhattan Associates by 35.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after acquiring an additional 671,589 shares in the last quarter. Corient Private Wealth LLC increased its stake in Manhattan Associates by 156.0% in the fourth quarter. Corient Private Wealth LLC now owns 11,550 shares of the software maker’s stock valued at $2,002,000 after acquiring an additional 7,038 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in Manhattan Associates during the fourth quarter valued at about $1,300,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 3.7%

Shares of MANH opened at $152.45 on Friday. Manhattan Associates has a twelve month low of $127.86 and a twelve month high of $247.22. The stock has a market cap of $9.12 billion, a PE ratio of 42.35 and a beta of 1.05. The business’s 50-day moving average price is $156.08 and its 200-day moving average price is $180.04.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data 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 during 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%. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Analysts expect that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates announced that its Board of Directors has initiated a share buyback plan on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.