Manhattan Associates (NASDAQ:MANH) Given New $201.00 Price Target at Barclays

Manhattan Associates (NASDAQ:MANH) had its target price trimmed by Barclays from $239.00 to $201.00 in a report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other equities research analysts have also commented on MANH. Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Robert W. Baird upped their target price on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a research report on Wednesday, May 20th. Citigroup dropped their target price on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a research report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.45.

Manhattan Associates Stock Up 4.8%

MANH opened at $150.05 on Friday. The firm’s 50-day moving average price is $135.40 and its 200-day moving average price is $152.73. The company has a market cap of $8.88 billion, a P/E ratio of 42.03 and a beta of 0.95. Manhattan Associates has a 52-week low of $119.06 and a 52-week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.Manhattan Associates’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, research analysts anticipate that Manhattan Associates will post 3.75 EPS for the current fiscal year.

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

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares in the company, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds have recently bought and sold shares of the stock. Henshaw Capital LLC boosted its position in Manhattan Associates by 65.4% in the 1st quarter. Henshaw Capital LLC now owns 18,535 shares of the software maker’s stock worth $2,467,000 after purchasing an additional 7,330 shares in the last quarter. Bank of America Corp DE boosted its position in Manhattan Associates by 25.8% in the 1st quarter. Bank of America Corp DE now owns 504,871 shares of the software maker’s stock worth $67,208,000 after purchasing an additional 103,620 shares in the last quarter. Edgestream Partners L.P. boosted its position in Manhattan Associates by 14.1% in the 1st quarter. Edgestream Partners L.P. now owns 36,326 shares of the software maker’s stock worth $4,836,000 after purchasing an additional 4,490 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in Manhattan Associates in the 1st quarter worth approximately $614,000. Finally, Amundi lifted its position in shares of 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 buying an additional 375,719 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.