Manhattan Associates (NASDAQ:MANH) Given New $177.00 Price Target at Citigroup

Manhattan Associates (NASDAQ:MANH) had its price objective trimmed by Citigroup from $208.00 to $177.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

A number of other brokerages have also recently commented on MANH. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research note on Thursday, April 16th. Truist Financial set a $240.00 target price on Manhattan Associates in a research report on Thursday, January 15th. Barclays cut their target price on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average target price of $202.64.

Manhattan Associates Stock Up 5.9%

Shares of MANH opened at $142.88 on Wednesday. The business has a 50-day simple moving average of $136.96 and a two-hundred day simple moving average of $162.09. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 40.02 and a beta of 1.05. Manhattan Associates has a 52 week low of $119.06 and a 52 week high of $247.22.

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 analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a return on equity of 71.91% and a net margin of 19.68%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts anticipate that Manhattan Associates will post 3.76 earnings per share for the current fiscal year.

Manhattan Associates declared that its Board of Directors has approved a share repurchase plan on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Manhattan Associates by 448.0% during the third 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 during the last quarter. Eastern Bank bought a new position in Manhattan Associates during the third quarter valued at approximately $30,000. Eagle Bay Advisors LLC bought a new position in Manhattan Associates during the fourth quarter valued at approximately $27,000. BNP Paribas bought a new position in Manhattan Associates during the fourth quarter valued at approximately $39,000. Finally, TD Private Client Wealth LLC boosted its stake in Manhattan Associates by 83.8% during the fourth 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 during the last quarter. 98.45% of the stock is owned by institutional investors.

Key Headlines 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.