Manhattan Associates (NASDAQ:MANH) Hits New 12-Month Low – What’s Next?

Manhattan Associates, Inc. (NASDAQ:MANH)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $127.35 and last traded at $129.1580, with a volume of 166274 shares trading hands. The stock had previously closed at $132.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MANH shares. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Barclays lowered their target price on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Truist Financial set a $240.00 price target on shares of Manhattan Associates in a report on Thursday, January 15th. Finally, Wall Street Zen raised shares of 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.36.

Manhattan Associates Stock Performance

The stock has a 50 day moving average of $146.68 and a two-hundred day moving average of $173.03. The firm has a market capitalization of $7.91 billion, a P/E ratio of 36.72 and a beta of 1.05.

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

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MANH. Vanguard Group Inc. boosted its position in shares of Manhattan Associates by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock valued at $1,205,723,000 after acquiring an additional 136,708 shares during the period. Alliancebernstein L.P. increased its position in Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after acquiring an additional 518,321 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Manhattan Associates by 35.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after purchasing an additional 671,589 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Manhattan Associates by 6.9% in the 4th quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock valued at $384,668,000 after purchasing an additional 142,407 shares during the period. Finally, Morgan Stanley boosted its holdings in Manhattan Associates by 2.5% in the 4th quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock valued at $377,543,000 after purchasing an additional 53,037 shares during the period. 98.45% of the stock is 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.