Manhattan Associates, Inc. (NASDAQ:MANH) Receives $199.45 Average Price Target from Analysts

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $199.4545.

A number of analysts have recently weighed in on MANH shares. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a report on Thursday, April 16th. Barclays reduced their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Finally, Robert W. Baird upped their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $132.28 on Tuesday. The company’s 50-day moving average price is $138.52 and its 200-day moving average price is $149.61. Manhattan Associates has a twelve month low of $119.06 and a twelve month high of $247.22. The company has a market cap of $7.83 billion, a PE ratio of 37.05 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last posted 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. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. During the same period in the previous year, the firm posted $1.19 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, sell-side analysts expect that Manhattan Associates will post 3.68 earnings per share for the current fiscal year.

Manhattan Associates declared that its Board of Directors has approved 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 purchase up to 5.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the transaction, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds have recently added to or reduced their stakes in the company. Henshaw Capital LLC grew its holdings in Manhattan Associates by 65.4% during the 1st quarter. Henshaw Capital LLC now owns 18,535 shares of the software maker’s stock valued at $2,467,000 after purchasing an additional 7,330 shares during the last quarter. Bank of America Corp DE grew its holdings in Manhattan Associates by 25.8% during the 1st quarter. Bank of America Corp DE now owns 504,871 shares of the software maker’s stock valued at $67,208,000 after purchasing an additional 103,620 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Manhattan Associates by 14.1% during the 1st quarter. Edgestream Partners L.P. now owns 36,326 shares of the software maker’s stock valued at $4,836,000 after purchasing an additional 4,490 shares during the last quarter. Bull Harbor Capital LLC bought a new position in Manhattan Associates during the 1st quarter valued at about $614,000. Finally, Amundi grew its holdings in Manhattan Associates by 479.4% during the 1st quarter. Amundi now owns 454,095 shares of the software maker’s stock valued at $60,449,000 after purchasing an additional 375,719 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.