Manhattan Associates (NASDAQ:MANH) Price Target Raised to $230.00

Manhattan Associates (NASDAQ:MANH) had its target price upped by stock analysts at DA Davidson from $210.00 to $230.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. DA Davidson‘s target price would suggest a potential downside of 4.03% from the company’s previous close.

A number of other research firms have also recently issued reports on MANH. Stifel Nicolaus raised their price objective on Manhattan Associates from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Manhattan Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Barclays raised their price target on Manhattan Associates from $201.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley raised shares of Manhattan Associates from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.89.

Manhattan Associates Trading Up 2.4%

Shares of MANH traded up $5.68 during midday trading on Wednesday, reaching $239.66. The stock had a trading volume of 1,026,643 shares, compared to its average volume of 750,808. The firm has a 50 day simple moving average of $214.32 and a 200-day simple moving average of $165.66. Manhattan Associates has a one year low of $119.06 and a one year high of $254.00. The firm has a market cap of $13.97 billion, a PE ratio of 68.44 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 27th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.09. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The company had revenue of $306.19 million for the quarter, compared to analysts’ expectations of $297.01 million. During the same period in the prior year, the firm earned $1.36 EPS. Manhattan Associates’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Manhattan Associates will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Eric Clark sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total transaction of $593,280.00. Following the transaction, the chief executive officer owned 89,638 shares in the company, valued at approximately $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Gantt sold 5,139 shares of Manhattan Associates stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the sale, the executive vice president directly owned 55,676 shares of the company’s stock, valued at approximately $10,886,328.28. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MANH. NBH Bank bought a new stake in shares of Manhattan Associates in the second quarter valued at about $37,000. Versant Capital Management Inc increased its position in Manhattan Associates by 508.9% during the second quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after acquiring an additional 229 shares during the period. V Square Quantitative Management LLC increased its position in Manhattan Associates by 35.9% during the first quarter. V Square Quantitative Management LLC now owns 348 shares of the software maker’s stock worth $46,000 after acquiring an additional 92 shares during the period. Compass Wealth Management LLC acquired a new stake in Manhattan Associates in the 3rd quarter worth about $69,000. Finally, Root Financial Partners LLC acquired a new stake in Manhattan Associates in the 3rd quarter worth about $71,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates News Roundup

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Adjusted EPS was $1.55 versus the $1.46 consensus, while revenue rose 11% year over year to $306.2 million, ahead of the $297.0 million estimate. Manhattan Associates Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year 2026 outlook. Revenue guidance increased to approximately $1.176 billion-$1.178 billion from $1.160 billion-$1.166 billion, while adjusted EPS guidance rose to $5.54-$5.56 from $5.44-$5.50. Manhattan Associates Provides 2026 Earnings Guidance
• Positive Sentiment: Cloud demand and future revenue visibility remain strong. Cloud subscription revenue grew 28% to $134.4 million, and remaining performance obligations reached about $2.59 billion. Management also outlined roughly 21% growth in 2026 RPO, supporting expectations for durable subscription expansion. Manhattan Associates Raises 2026 Outlook and RPO Growth Forecast
• Positive Sentiment: Analyst conviction improved. Truist Financial reaffirmed its “buy” rating and lifted its price target to $305 from $240, indicating substantial potential upside based on its revised outlook. Truist Financial Rating
• Positive Sentiment: Investors also responded favorably to reports that AI pilots are converting into customer deployments and that new platform tiers could expand Manhattan Associates’ addressable market. Manhattan Associates Long-Term Investor Takeaways
• Neutral Sentiment: Manhattan Associates elected former Salesforce CIO Juan Perez to its board, adding enterprise technology experience but providing limited near-term financial impact. Manhattan Associates Elects Juan Perez
• Negative Sentiment: Recent insider activity has consisted of stock sales rather than purchases, including sales by the CEO and other executives. This may modestly temper sentiment, although it does not offset the stronger earnings and outlook catalysts.

About Manhattan Associates

Manhattan Associates, Inc develops supply chain commerce software for retailers, wholesalers, manufacturers and logistics providers. Its solutions help organizations plan, execute and optimize inventory, warehouse, transportation and omnichannel fulfillment operations.

The company’s product portfolio includes warehouse management, transportation management, order management, inventory optimization, labor management and point-of-sale capabilities. Manhattan Associates also provides tools that support warehouse automation, store fulfillment, distributed order management and customer engagement across digital and physical retail channels.

Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates serves customers across North America, Europe, Asia-Pacific and other international markets.