DA Davidson Reiterates “Buy” Rating for Manhattan Associates (NASDAQ:MANH)

Manhattan Associates (NASDAQ:MANH)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They currently have a $200.00 price target on the software maker’s stock. DA Davidson’s price target would suggest a potential upside of 48.63% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup cut 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. Barclays lifted their target price on Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Weiss Ratings cut Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.91.

Manhattan Associates Stock Performance

Manhattan Associates stock traded down $0.86 during mid-day trading on Wednesday, reaching $134.56. The stock had a trading volume of 144,646 shares, compared to its average volume of 772,627. Manhattan Associates has a fifty-two week low of $119.06 and a fifty-two week high of $247.22. The stock’s 50-day simple moving average is $135.78 and its 200-day simple moving average is $154.75. The firm has a market capitalization of $7.96 billion, a PE ratio of 37.73 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating 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 firm had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. During the same quarter last year, the firm posted $1.19 earnings per share. The company’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, research analysts forecast that Manhattan Associates will post 3.75 earnings per share for the current fiscal year.

Manhattan Associates declared that its board has authorized a stock buyback program on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Manhattan Associates

A number of institutional investors have recently added to or reduced their stakes in MANH. Eagle Bay Advisors LLC purchased a new stake in Manhattan Associates during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 112 shares during the period. BNP Paribas purchased a new stake in Manhattan Associates during the 4th quarter valued at about $39,000. TD Private Client Wealth LLC boosted 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 acquiring an additional 109 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in Manhattan Associates during the 4th quarter valued at about $44,000. 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.