Franklin Resources Inc. Sells 45,007 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Franklin Resources cut its stake in Manhattan Associates by 4.2%, selling 45,007 shares and leaving it with 1,019,484 shares (about 1.69% ownership) valued at roughly $208.97 million per its latest 13F filing.
• The company's board authorized a $500 million stock buyback — permitting repurchases of up to 5.8% of outstanding shares — a move that typically signals the board views the shares as undervalued.
• Manhattan beat quarterly expectations (EPS $1.21 vs. $1.11 consensus; revenue $270.39M vs. $264.69M) and set FY2026 guidance of 5.040–5.200 EPS, while analysts hold an average rating of "Moderate Buy" with a $218.75 target.

Franklin Resources Inc. cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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. owned about 1.69% of Manhattan Associates worth $208,974,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker's stock worth $2,124,000 after purchasing an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker's stock valued at $86,532,000 after buying an additional 41,571 shares during the period. Empowered Funds LLC acquired a new stake in Manhattan Associates during the first quarter worth about $987,000. Focus Partners Wealth grew its position in Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker's stock worth $415,000 after buying an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Manhattan Associates during the second quarter valued at about $446,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MANH has been the subject of several recent research reports. Morgan Stanley cut their price target on Manhattan Associates from $200.00 to $165.00 and set an "equal weight" rating for the company in a report on Monday, January 5th. DA Davidson lowered their price objective on Manhattan Associates from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Wednesday, January 28th. Citigroup raised Manhattan Associates from a "neutral" rating to a "buy" rating and raised their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. William Blair reiterated an "outperform" rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Barclays lowered their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an "overweight" rating on the stock in a report on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $218.75.

Manhattan Associates Trading Down 2.2%

Shares of MANH opened at $140.29 on Friday. The stock has a market cap of $8.40 billion, a PE ratio of 38.97 and a beta of 1.05. Manhattan Associates, Inc. has a 1 year low of $127.86 and a 1 year high of $247.22. The stock has a 50 day simple moving average of $153.70 and a 200-day simple moving average of $178.36.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The business had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. During the same quarter in the previous year, the firm earned $1.17 EPS. Manhattan Associates's quarterly 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. On average, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates announced that its board has authorized a stock buyback program on Thursday, March 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Manhattan Associates 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.

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.