Manhattan Associates (NASDAQ:MANH) Price Target Lowered to $200.00 at Stifel Nicolaus

Manhattan Associates (NASDAQ:MANH) had its price target lowered by Stifel Nicolaus from $225.00 to $200.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

MANH has been the subject of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Morgan Stanley reduced their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research note on Thursday, April 16th. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Finally, Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.64.

Manhattan Associates Trading Up 5.9%

Manhattan Associates stock opened at $142.88 on Wednesday. The firm has a 50 day moving average of $136.96 and a 200 day moving average of $162.09. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 40.02 and a beta of 1.05. Manhattan Associates has a 12-month low of $119.06 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. The company had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 71.91%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, analysts predict that Manhattan Associates will post 3.76 EPS for the current year.

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

Institutional Investors Weigh In On Manhattan Associates

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Eastern Bank purchased a new stake in Manhattan Associates during the 3rd quarter valued at approximately $30,000. Eagle Bay Advisors LLC purchased a new stake in Manhattan Associates during the 4th quarter valued at approximately $27,000. BNP Paribas purchased a new stake in Manhattan Associates during the 4th quarter valued at approximately $39,000. Finally, TD Private Client Wealth LLC grew its holdings in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after buying an additional 109 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Manhattan Associates

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

• Positive Sentiment: Q1 results beat revenue estimates and management raised FY?2026 guidance (EPS $5.29–$5.37; revenue ~$1.147B–$1.157B), which signals stronger cloud/backlog momentum and underpins upside to consensus. Manhattan Associates Reports First Quarter Results
• Positive Sentiment: Management highlighted strong cloud growth and a healthy backlog on the earnings call — a core driver for recurring revenue and higher RPO targets cited by press coverage. Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Operating cash flow improved and liquidity rose (cash up ~9.8%), while the company increased capex — mixed fundamentals that support growth but raise near-term spend. Quiver Quant Q1 2026 Earnings Summary
• Neutral Sentiment: Analysts are active: Robert W. Baird raised its target (to $186, outperform), while several firms (Citigroup, DA Davidson, Stifel) trimmed targets but maintained buy ratings — signaling conviction in the story amid differing valuation views. Benzinga Analyst Updates
• Negative Sentiment: Two shareholder?rights firms (Rosen Law and Schall Law) announced investigations into potential fiduciary breaches by Manhattan’s directors/officers — this creates legal overhang and potential reputational/financial risk. Rosen Law Firm Investigation Schall Law Firm Investigation
• Negative Sentiment: Some third?party summaries flag softer per?share metrics and year?over?year net income weakness in certain calculations — these mixed per?share results (and an insider sale noted in filings) are being highlighted by skeptics as reasons for caution. Quiver Quant Q1 2026 Earnings Summary

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.