Manhattan Associates (NASDAQ:MANH) Hits New 1-Year Low – Here’s Why

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $126.00 and last traded at $126.20, with a volume of 67056 shares. The stock had previously closed at $133.50.

Analysts Set New Price Targets

MANH has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Truist Financial set a $240.00 price objective on Manhattan Associates in a research note on Thursday, January 15th. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Finally, Morgan Stanley cut their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $220.36.

Manhattan Associates Stock Performance

The firm has a market capitalization of $7.55 billion, a P/E ratio of 35.10 and a beta of 1.05. The firm’s 50-day moving average is $140.05 and its 200 day moving average is $167.53.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. The business had revenue of $270.39 million for 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 revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding 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 often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its stake 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 last quarter. Eastern Bank acquired a new stake in shares of Manhattan Associates during the 3rd quarter worth about $30,000. BNP Paribas acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $39,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.