Manhattan Associates, Inc. $MANH Shares Bought by Exchange Traded Concepts LLC

Key Points

• Board approved a $500 million share buyback, permitting repurchases of up to 5.8% of outstanding shares, a move the company says often signals management believes the stock is undervalued.
• Research firms have a consensus of a "Moderate Buy" with an average target of $220.36 (8 Buys, 5 Holds), while the stock trades near $127 after the company beat quarterly EPS estimates ($1.21 vs. $1.11) and set FY2026 guidance of $5.04–$5.20 EPS.
• Exchange Traded Concepts LLC increased its stake in Manhattan Associates by 40.7% in Q4, buying 28,681 shares to hold 99,195 shares worth about $17.19 million.

Exchange Traded Concepts LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 40.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,195 shares of the software maker's stock after buying an additional 28,681 shares during the quarter. Exchange Traded Concepts LLC owned about 0.16% of Manhattan Associates worth $17,191,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker's stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Eastern Bank acquired a new stake in Manhattan Associates in the 3rd quarter worth approximately $30,000. Quarry LP acquired a new stake in Manhattan Associates in the 3rd quarter worth approximately $62,000. Measured Wealth Private Client Group LLC purchased a new stake in Manhattan Associates during the 3rd quarter worth approximately $68,000. Finally, Employees Retirement System of Texas acquired a new position in Manhattan Associates during the 2nd quarter valued at approximately $99,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of research analyst reports. Citigroup raised shares of Manhattan Associates from a "neutral" rating to a "buy" rating and raised their price target for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Barclays dropped their price objective on shares of Manhattan Associates from $237.00 to $236.00 and set an "overweight" rating on the stock in a report on Monday, March 16th. Stifel Nicolaus reduced their target price on Manhattan Associates from $240.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 23rd. William Blair reaffirmed an "outperform" rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Finally, Wall Street Zen upgraded Manhattan Associates from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $220.36.

Manhattan Associates Stock Down 3.6%

Manhattan Associates stock opened at $127.40 on Friday. The business's 50-day moving average price is $145.76 and its 200 day moving average price is $172.09. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 35.39 and a beta of 1.05. Manhattan Associates, Inc. has a 52 week low of $126.00 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. During the same period in the previous year, the company posted $1.17 earnings per share. Manhattan Associates's revenue for the quarter was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Equities analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Manhattan Associates announced that its Board of Directors has initiated a share buyback program on Thursday, March 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is 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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