Franklin Resources Inc. Has $208.97 Million Holdings in Manhattan Associates, Inc. $MANH

Franklin Resources Inc. trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,019,484 shares of the software maker’s stock after selling 45,007 shares during the quarter. Franklin Resources Inc.’s holdings in Manhattan Associates were worth $208,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $30,000. Allworth Financial LP increased its holdings in Manhattan Associates by 127.7% during the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after purchasing an additional 244 shares in the last quarter. Employees Retirement System of Texas bought a new position in Manhattan Associates in the 2nd quarter valued at $99,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Manhattan Associates by 367.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 509 shares of the software maker’s stock valued at $104,000 after purchasing an additional 400 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Manhattan Associates by 106.5% in the third quarter. Hantz Financial Services Inc. now owns 636 shares of the software maker’s stock worth $130,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Down 2.2%

Shares of NASDAQ MANH opened at $140.29 on Friday. Manhattan Associates, Inc. has a twelve month low of $127.86 and a twelve month high of $247.22. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 38.97 and a beta of 1.05. The company’s fifty day moving average is $153.70 and its 200-day moving average is $178.36.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The business had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. DA Davidson decreased their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Morgan Stanley lowered their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Finally, Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research note on Thursday, January 15th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

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.