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

Manhattan Associates, Inc. (NASDAQ:MANH) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $220.3636.

Several analysts recently commented on the company. Truist Financial set a $240.00 target price on Manhattan Associates in a research report on Thursday, January 15th. Barclays decreased their price target on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Finally, William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC bought a new stake in shares of Manhattan Associates in the 1st quarter worth $987,000. Focus Partners Wealth raised its stake in shares of Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at $446,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $134.56 on Thursday. The company has a market cap of $8.05 billion, a PE ratio of 37.38 and a beta of 1.05. The company’s 50-day moving average price is $142.11 and its 200 day moving average price is $169.25. Manhattan Associates has a fifty-two week low of $126.00 and a fifty-two week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. During the same quarter in the prior year, the firm earned $1.17 EPS. Manhattan Associates’s quarterly 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 anticipate that Manhattan Associates will post 3.3 EPS for the current year.

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

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.