Robert W. Baird Issues Positive Forecast for Manhattan Associates (NASDAQ:MANH) Stock Price

Manhattan Associates (NASDAQ:MANH) had its price target lifted by equities researchers at Robert W. Baird from $186.00 to $218.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s target price indicates a potential upside of 29.63% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a report on Thursday, April 16th. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research note on Wednesday, May 20th. Barclays dropped their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.20.

Manhattan Associates Trading Up 5.6%

Shares of NASDAQ MANH opened at $168.17 on Wednesday. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 47.11 and a beta of 0.97. Manhattan Associates has a 12 month low of $119.06 and a 12 month high of $229.57. The stock has a 50-day moving average price of $146.95 and a two-hundred day moving average price of $144.84.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $297.79 million for the quarter, compared to analysts’ expectations of $289.03 million. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts predict that Manhattan Associates will post 3.74 earnings per share for the current year.

Insider Activity

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total value of $146,770.00. Following the sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $28,000 after buying an additional 112 shares during the period. Versant Capital Management Inc grew its position in shares of Manhattan Associates by 508.9% during the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after buying an additional 229 shares during the period. BNP Paribas bought a new stake in shares of Manhattan Associates in the 4th quarter valued at $39,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Manhattan Associates by 83.8% in 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 in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Key Manhattan Associates News

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

• Positive Sentiment: Manhattan Associates reported second-quarter revenue of $297.8 million, up 9.3% year over year and above the roughly $289 million analyst consensus. Adjusted EPS was $1.39, exceeding estimates of $1.31-$1.32 and rising from $1.31 a year earlier. Manhattan Associates quarterly earnings results
• Positive Sentiment: Cloud subscription revenue climbed 26% to $126.7 million, highlighting continued migration toward recurring revenue. Remaining performance obligations totaled approximately $2.47 billion at June 30, providing visibility into future sales. Manhattan Associates Q2 revenue rises as cloud sales climb
• Positive Sentiment: Management projected 2026 revenue of $1.160 billion to $1.166 billion and GAAP EPS of $3.59 to $3.65, while targeting year-end RPO of $2.62 billion to $2.68 billion. The company also introduced “Active Editions,” a product strategy intended to support cloud adoption and longer-term growth. Manhattan Associates 2026 outlook and Active Editions
• Positive Sentiment: Manhattan Associates repurchased 874,029 shares for $125 million during the quarter, supporting per-share results and signaling confidence in the company’s cash generation.
• Neutral Sentiment: GAAP diluted EPS declined to $0.85 from $0.93 a year earlier, and net income fell to $50.4 million from $56.8 million, despite higher revenue. The adjusted earnings beat was therefore the main investor focus.
• Negative Sentiment: Rosen Law Firm announced an investigation into potential fiduciary-duty breaches by Manhattan Associates directors and officers. The announcement does not establish wrongdoing but adds a legal and headline risk for shareholders. Rosen Law Firm investigation announcement

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.