Franklin Resources Inc. trimmed its holdings in Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 843,187 shares of the software maker’s stock after selling 176,297 shares during the quarter. Franklin Resources Inc.’s holdings in Manhattan Associates were worth $146,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in shares of Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Manhattan Associates by 2.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock valued at $555,000 after purchasing an additional 69 shares during the period. Covestor Ltd lifted its stake in shares of Manhattan Associates by 12.2% in the 4th quarter. Covestor Ltd now owns 670 shares of the software maker’s stock valued at $116,000 after purchasing an additional 73 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Manhattan Associates by 1.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 76 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Manhattan Associates by 3.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,322 shares of the software maker’s stock valued at $402,000 after purchasing an additional 76 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Robert W. Baird boosted their target price on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Finally, Citigroup decreased their target price on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.45.
Manhattan Associates Stock Performance
Shares of MANH opened at $145.15 on Thursday. The stock has a 50 day moving average price of $138.08 and a two-hundred day moving average price of $151.26. The firm has a market capitalization of $8.59 billion, a P/E ratio of 40.66 and a beta of 0.97. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22.
Manhattan Associates (NASDAQ:MANH – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.
Manhattan Associates declared that its board has initiated a stock repurchase 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Trending Headlines about Manhattan Associates
Here are the key news stories impacting Manhattan Associates this week:
- Positive Sentiment: Manhattan Associates raised FY 2026 guidance, with EPS outlook of $5.29-$5.37 versus the $5.04 consensus, suggesting management expects stronger profitability ahead.
- Positive Sentiment: The company is highlighting its cloud-first strategy and AI initiatives, including ActivePlatform and new agent pilots, which could support longer-term growth if adoption accelerates.
- Positive Sentiment: Manhattan Associates also announced its 2026 Spotlight on Innovation Awards, reinforcing its customer relationships and brand positioning in supply chain commerce. Article Title
Insider Buying and Selling
In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.
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.
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