Manhattan Associates (NASDAQ:MANH) Price Target Lowered to $200.00 at DA Davidson

Manhattan Associates (NASDAQ:MANH) had its target price trimmed by DA Davidson from $240.00 to $200.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley reduced their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Citigroup raised shares of 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. Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research note on Thursday, January 15th. Finally, William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.64.

Manhattan Associates Trading Up 5.9%

Shares of NASDAQ MANH opened at $142.88 on Wednesday. The firm has a market cap of $8.46 billion, a PE ratio of 40.02 and a beta of 1.05. Manhattan Associates has a 1-year low of $119.06 and a 1-year high of $247.22. The company has a fifty day moving average price of $136.96 and a 200 day moving average price of $162.09.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 71.91%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Equities research analysts forecast that Manhattan Associates will post 3.76 EPS for the current year.

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

Hedge Funds Weigh In On Manhattan Associates

Large investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake 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 worth $29,435,000 after buying an additional 6,500 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Manhattan Associates by 33.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock valued at $11,360,000 after purchasing an additional 14,013 shares during the last quarter. Abacus FCF Advisors LLC lifted its stake in 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 last quarter. Cerity Partners LLC lifted its stake in 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 last quarter. Finally, 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 valued at $574,334,000 after purchasing an additional 518,321 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Manhattan Associates

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

• Positive Sentiment: Q1 results beat revenue estimates and management raised FY‑2026 guidance (EPS $5.29–$5.37; revenue ~$1.147B–$1.157B), which signals stronger cloud/backlog momentum and underpins upside to consensus. Manhattan Associates Reports First Quarter Results
• Positive Sentiment: Management highlighted strong cloud growth and a healthy backlog on the earnings call — a core driver for recurring revenue and higher RPO targets cited by press coverage. Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Operating cash flow improved and liquidity rose (cash up ~9.8%), while the company increased capex — mixed fundamentals that support growth but raise near-term spend. Quiver Quant Q1 2026 Earnings Summary
• Neutral Sentiment: Analysts are active: Robert W. Baird raised its target (to $186, outperform), while several firms (Citigroup, DA Davidson, Stifel) trimmed targets but maintained buy ratings — signaling conviction in the story amid differing valuation views. Benzinga Analyst Updates
• Negative Sentiment: Two shareholder‑rights firms (Rosen Law and Schall Law) announced investigations into potential fiduciary breaches by Manhattan’s directors/officers — this creates legal overhang and potential reputational/financial risk. Rosen Law Firm Investigation Schall Law Firm Investigation
• Negative Sentiment: Some third‑party summaries flag softer per‑share metrics and year‑over‑year net income weakness in certain calculations — these mixed per‑share results (and an insider sale noted in filings) are being highlighted by skeptics as reasons for caution. Quiver Quant Q1 2026 Earnings Summary

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.