Manhattan Associates (NASDAQ:MANH) Price Target Cut to $236.00 by Analysts at Barclays

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

MANH has been the subject of a number of other reports. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Morgan Stanley reduced their price objective on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday, January 15th. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $220.36.

Manhattan Associates Stock Up 0.3%

Shares of MANH stock opened at $141.23 on Monday. The company has a market capitalization of $8.45 billion, a P/E ratio of 39.23 and a beta of 1.05. Manhattan Associates has a 12-month low of $127.86 and a 12-month high of $247.22. The firm has a 50-day moving average price of $152.66 and a 200 day moving average price of $176.75.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate 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 net margin of 20.34% and a return on equity of 75.61%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, research analysts expect that Manhattan Associates will post 3.3 earnings per share for the current year.

Manhattan Associates declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Manhattan Associates

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Fund Management S.A. boosted its stake in Manhattan Associates by 45.4% in the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after acquiring an additional 39,699 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Manhattan Associates by 4.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after acquiring an additional 6,500 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Manhattan Associates by 33.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock valued at $11,360,000 after acquiring an additional 14,013 shares during the last quarter. Abacus FCF Advisors LLC lifted its stake in shares of Manhattan Associates by 33.0% in the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock valued at $9,116,000 after purchasing an additional 11,043 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Manhattan Associates by 11.8% in the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock valued at $20,461,000 after purchasing an additional 10,526 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.