Manhattan Associates' (MANH) "Buy" Rating Reiterated at Truist Financial

Key Points

• Truist Financial reiterated its “Buy” rating on Manhattan Associates and raised its price target to $305 from $240, implying approximately 24% upside from the prior close.
• Analyst sentiment remains favorable: eight analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and average price target of $252.67.
• Manhattan Associates exceeded quarterly expectations, reporting $1.55 in EPS versus $1.46 expected and $306.2 million in revenue versus $297.0 million forecast; revenue grew 11% year over year.

Manhattan Associates (NASDAQ:MANH - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Truist Financial in a research report issued on Wednesday, Benzinga reports. They currently have a $305.00 price target on the software maker's stock, up from their prior price target of $240.00. Truist Financial's price objective suggests a potential upside of 24.24% from the company's previous close.

A number of other analysts have also recently weighed in on the company. Robert W. Baird raised their price objective on Manhattan Associates from $218.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Wall Street Zen raised Manhattan Associates from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup increased their price target on Manhattan Associates from $203.00 to $260.00 and gave the company a "buy" rating in a research note on Tuesday, October 20th. Stifel Nicolaus increased their price target on Manhattan Associates from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of Manhattan Associates from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $180.00 to $250.00 in a report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $252.67.

Manhattan Associates Stock Performance

NASDAQ:MANH traded up $11.51 during midday trading on Wednesday, reaching $245.49. 561,257 shares of the stock traded hands, compared to its average volume of 748,741. Manhattan Associates has a 12-month low of $119.06 and a 12-month high of $254.00. The business has a 50-day moving average of $214.32 and a two-hundred day moving average of $165.66. The stock has a market capitalization of $14.31 billion, a PE ratio of 70.02 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its earnings results on Tuesday, October 27th. The software maker reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.09. The company had revenue of $306.19 million during the quarter, compared to the consensus estimate of $297.01 million. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. Manhattan Associates's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. Research analysts anticipate that Manhattan Associates will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eric Clark sold 3,000 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the sale, the chief executive officer directly owned 89,638 shares in the company, valued at approximately $17,726,810.88. The trade was a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James Gantt sold 5,139 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the transaction, the executive vice president owned 55,676 shares of the company's stock, valued at $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by corporate insiders.

Institutional Trading of Manhattan Associates

A number of hedge funds have recently modified their holdings of MANH. Parcion Private Wealth LLC purchased a new position in Manhattan Associates during the third quarter valued at approximately $250,000. Soltis Investment Advisors LLC acquired a new position in shares of Manhattan Associates in the 3rd quarter valued at $282,000. D.A. Davidson & CO. boosted its holdings in Manhattan Associates by 6.5% during the third quarter. D.A. Davidson & CO. now owns 1,728 shares of the software maker's stock worth $343,000 after buying an additional 106 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in Manhattan Associates by 8.6% during the third quarter. Motley Fool Asset Management LLC now owns 1,953 shares of the software maker's stock worth $388,000 after buying an additional 155 shares in the last quarter. Finally, VestGen Advisors LLC acquired a new stake in Manhattan Associates during the third quarter valued at $227,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

Manhattan Associates News Summary

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

• Positive Sentiment: Q3 results exceeded expectations. Adjusted earnings per share were $1.55 versus the $1.46 consensus estimate, while revenue reached $306.2 million, above the $297.0 million forecast. Revenue increased 11% year over year, and EPS rose from $1.36 in the prior-year quarter. Manhattan Associates Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised full-year guidance. 2026 revenue guidance increased to $1.176 billion-$1.178 billion from $1.160 billion-$1.166 billion, while adjusted EPS guidance rose to $5.54-$5.56 from $5.44-$5.50. The higher outlook reinforces investor confidence in the company’s growth trajectory. Manhattan Associates Provides Earnings Guidance for Full Year 2026
• Positive Sentiment: Cloud and recurring-revenue indicators were strong. Cloud subscription revenue rose 28% to $134.4 million, while remaining performance obligations increased to approximately $2.59 billion. Management also outlined expected 21% growth in 2026 RPO, supporting expectations for durable future subscription revenue. Manhattan Associates Outlines 2026 RPO Growth Outlook
• Positive Sentiment: AI adoption could expand the growth opportunity. Reports highlighted that AI pilots are converting to customers at a high rate, while new platform tiers may broaden Manhattan’s addressable market and support subscription growth. Manhattan Three Key Takeaways for Long-Term Investors
• Neutral Sentiment: Manhattan Associates elected former Salesforce CIO Juan Perez to its board, adding enterprise technology experience but offering limited immediate financial impact. Manhattan Associates Elects Juan Perez to Its Board
• Negative Sentiment: The stock’s valuation remains demanding, with a reported P/E ratio near 69, and recent insider activity showed several sales without reported purchases. These factors could limit additional upside if growth or guidance falls short of elevated expectations.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops supply chain commerce software for retailers, wholesalers, manufacturers and logistics providers. Its solutions help organizations plan, execute and optimize inventory, warehouse, transportation and omnichannel fulfillment operations.

The company's product portfolio includes warehouse management, transportation management, order management, inventory optimization, labor management and point-of-sale capabilities. Manhattan Associates also provides tools that support warehouse automation, store fulfillment, distributed order management and customer engagement across digital and physical retail channels.

Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates serves customers across North America, Europe, Asia-Pacific and other international markets.

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