Barclays Lowers Manhattan Associates (NASDAQ:MANH) Price Target to $201.00

Manhattan Associates (NASDAQ:MANH) had its price objective cut by equities research analysts at Barclays from $239.00 to $201.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price would suggest a potential upside of 33.96% from the company’s previous close.

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

Manhattan Associates Trading Up 4.8%

Manhattan Associates stock traded up $6.87 during trading on Friday, reaching $150.05. The company had a trading volume of 908,698 shares, compared to its average volume of 765,960. Manhattan Associates has a 52 week low of $119.06 and a 52 week high of $247.22. The firm’s 50-day simple moving average is $135.16 and its 200 day simple moving average is $152.75. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 42.03 and a beta of 0.95.

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

Manhattan Associates declared that its Board of Directors has approved a stock buyback plan on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH increased its position in Manhattan Associates by 33.8% in the third quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock worth $11,360,000 after purchasing an additional 14,013 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Manhattan Associates by 30.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after purchasing an additional 43,955 shares during the last quarter. Alliancebernstein L.P. increased its position in Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares during the last quarter. Bessemer Group Inc. increased its position in Manhattan Associates by 19.3% in the third quarter. Bessemer Group Inc. now owns 654,914 shares of the software maker’s stock worth $134,245,000 after purchasing an additional 106,076 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Manhattan Associates by 2,035.5% in the third quarter. Captrust Financial Advisors now owns 303,268 shares of the software maker’s stock worth $62,164,000 after purchasing an additional 289,067 shares during the last quarter. 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.