DA Davidson Cuts Manhattan Associates (NASDAQ:MANH) Price Target to $200.00

Manhattan Associates (NASDAQ:MANH) had its price objective cut by investment analysts at DA Davidson from $240.00 to $200.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. DA Davidson’s price target would indicate a potential upside of 48.27% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Barclays dropped their price target on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Stifel Nicolaus dropped their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $209.45.

Manhattan Associates Trading Up 0.8%

Shares of Manhattan Associates stock opened at $134.89 on Wednesday. The company’s 50-day moving average price is $136.96 and its two-hundred day moving average price is $162.23. Manhattan Associates has a 52 week low of $119.06 and a 52 week high of $247.22. The stock has a market cap of $7.99 billion, a PE ratio of 37.47 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. During the same period in the previous year, the business earned $1.19 earnings per share. 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, equities analysts predict that Manhattan Associates will post 3.76 EPS for the current fiscal year.

Manhattan Associates declared that its board has authorized a stock buyback plan on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire 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.

Hedge Funds Weigh In On Manhattan Associates

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in Manhattan Associates by 2.1% during the 1st quarter. Wasatch Advisors LP now owns 10,841 shares of the software maker’s stock valued at $1,443,000 after acquiring an additional 226 shares in the last quarter. Wesbanco Bank Inc. grew its stake in Manhattan Associates by 10.4% during the 1st quarter. Wesbanco Bank Inc. now owns 2,131 shares of the software maker’s stock valued at $284,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Manhattan Associates during the 1st quarter valued at about $2,316,000. Fifth Third Wealth Advisors LLC grew its stake in Manhattan Associates by 15.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,426 shares of the software maker’s stock valued at $323,000 after acquiring an additional 323 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new position in Manhattan Associates during the 1st quarter valued at about $4,850,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Key Headlines Impacting Manhattan Associates

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

• Positive Sentiment: Q1 results beat expectations — revenue of $282.2M (+7.4% YoY) and reported EPS of $1.24 topped Street estimates, showing continued top‑line growth. Read More.
• Positive Sentiment: Management raised FY‑2026 guidance: EPS $5.29–$5.37 and revenue $1.147B–$1.157B (and higher RPO targets), implying stronger recurring revenue visibility versus prior consensus. Read More.
• Positive Sentiment: Operating cash flow and liquidity improved (operating cash flow up ~11.7%, cash balance up ~9.8%), supporting reinvestment in cloud/PRODUCT development. Read More.
• Neutral Sentiment: Analyst/earnings transcripts and call color focus on whether cloud conversion and subscription momentum can sustain growth; investors will watch backlog/RPO cadence and customer migration timelines. Read More.
• Neutral Sentiment: Industry narrative (unified commerce) supports long‑term TAM expansion for Manhattan’s products, but benefits accrue over multiple quarters as customers migrate. Read More.
• Negative Sentiment: Some GAAP metrics disappointed: one third‑party summary shows diluted GAAP EPS and net income down YoY, and higher liabilities/capex — creating near‑term noise for investors reconciling non‑GAAP vs GAAP numbers. Insider selling was also reported. Read More.
• Negative Sentiment: Technically, the stock remains below its 200‑day moving average, which can limit upside until guidance/outlook is confirmed by several quarters of cloud subscription growth. Read More.

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.