Analysts Set Manhattan Associates, Inc. (NASDAQ:MANH) Target Price at $218.75

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $218.75.

A number of equities analysts have weighed in on the stock. DA Davidson cut their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Raymond James Financial dropped their target price on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. UBS Group set a $240.00 price target on shares of Manhattan Associates in a report on Wednesday, October 22nd. Morgan Stanley decreased their price objective 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. Finally, Barclays lowered their target price on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th.

Manhattan Associates Stock Up 2.2%

Shares of Manhattan Associates stock opened at $140.45 on Wednesday. The firm has a market capitalization of $8.41 billion, a P/E ratio of 39.01 and a beta of 1.04. Manhattan Associates has a 52 week low of $127.86 and a 52 week high of $247.22. The firm’s 50 day moving average is $166.19 and its two-hundred day moving average is $188.08.

Manhattan Associates (NASDAQ:MANH) last announced 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 firm had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last 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 fiscal year.

Hedge Funds Weigh In On Manhattan Associates

Several large investors have recently added to or reduced their stakes in MANH. Capital Fund Management S.A. lifted its holdings in Manhattan Associates by 45.4% in the 2nd quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock worth $25,090,000 after purchasing 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% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after purchasing an additional 6,500 shares during the period. Abacus FCF Advisors LLC lifted its stake in shares of Manhattan Associates by 33.0% in the third quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock worth $9,116,000 after buying an additional 11,043 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings 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 worth $11,360,000 after buying an additional 14,013 shares during the period. Finally, Cerity Partners LLC grew 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 buying an additional 10,526 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

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.