Algert Global LLC Grows Position in Manhattan Associates, Inc. $MANH

Key Points

• Algert Global LLC raised its stake in Manhattan Associates by 13.9%, adding 10,747 shares to hold 88,046 shares valued at about $18.05 million.
• Share buyback: the board approved a $500 million repurchase program to buy up to 5.8% of shares, a move that typically signals management views the stock as undervalued.
• Results and outlook: Manhattan beat quarterly estimates with $1.21 EPS and $270.4M revenue, issued FY2026 guidance of $5.04–$5.20 EPS, and carries a consensus "Moderate Buy" price target of $220.45 versus a current share price near $140.78.

Algert Global LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,046 shares of the software maker's stock after purchasing an additional 10,747 shares during the period. Algert Global LLC owned 0.15% of Manhattan Associates worth $18,048,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MANH. AQR Capital Management LLC raised its holdings in Manhattan Associates by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker's stock valued at $380,733,000 after acquiring an additional 1,243,390 shares during the period. Norges Bank purchased a new position in shares of Manhattan Associates in the second quarter valued at $162,545,000. Alliancebernstein L.P. raised its stake in shares of Manhattan Associates by 22.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker's stock valued at $574,334,000 after purchasing an additional 518,321 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Manhattan Associates by 88.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker's stock worth $136,871,000 after purchasing an additional 314,112 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Manhattan Associates by 86.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker's stock worth $138,573,000 after purchasing an additional 312,858 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MANH. DA Davidson lowered their price target 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. Barclays lowered their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an "overweight" rating on the stock in a research note on Monday, January 12th. Morgan Stanley reduced their price target 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. Stifel Nicolaus lowered their price objective on Manhattan Associates from $240.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and a consensus price target of $220.45.

Manhattan Associates Stock Up 0.3%

Shares of MANH stock opened at $140.78 on Friday. The business has a 50-day moving average price of $153.17 and a two-hundred day moving average price of $177.59. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22. The firm has a market cap of $8.43 billion, a P/E ratio of 39.11 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced 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 firm had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $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 share 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 reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Manhattan Associates Company Profile

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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