Massachusetts Financial Services Co. MA Boosts Stock Position in Manhattan Associates, Inc. $MANH

Key Points

• Massachusetts Financial Services raised its stake in Manhattan Associates by 16.1% to 784,835 shares (about 1.30% ownership) worth $136.0 million, and institutional investors now own roughly 98.45% of the stock.
• Manhattan beat quarterly revenue and EPS estimates, set FY2026 guidance of $5.04–$5.20 EPS, and its board approved a $500 million share buyback (up to ~5.8% of shares outstanding).
• Analysts hold a consensus rating of “Moderate Buy” with an average target price of $220.36, well above the stock’s recent trade near $126, indicating a significant gap between current price and analyst expectations.

Massachusetts Financial Services Co. MA raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 784,835 shares of the software maker's stock after acquiring an additional 108,801 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.30% of Manhattan Associates worth $136,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Manhattan Associates by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,820,320 shares of the software maker's stock worth $1,398,029,000 after buying an additional 108,426 shares in the last quarter. 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 worth $574,334,000 after buying an additional 518,321 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Manhattan Associates by 7.7% during the 3rd quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker's stock worth $425,771,000 after buying an additional 149,079 shares in the last quarter. Invesco Ltd. raised its stake in shares of Manhattan Associates by 4.1% during the 3rd quarter. Invesco Ltd. now owns 893,264 shares of the software maker's stock worth $183,101,000 after buying an additional 35,172 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Manhattan Associates by 0.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker's stock worth $176,461,000 after buying an additional 5,961 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MANH. Citigroup raised Manhattan Associates from a "neutral" rating to a "buy" rating and increased their target price for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Barclays cut their target price on Manhattan Associates from $237.00 to $236.00 and set an "overweight" rating for the company in a research note on Monday, March 16th. Morgan Stanley cut their target price on Manhattan Associates from $200.00 to $165.00 and set an "equal weight" rating for the company in a research note on Monday, January 5th. Truist Financial set a $240.00 target price on Manhattan Associates in a research note on Thursday, January 15th. Finally, DA Davidson lowered their price target on Manhattan Associates from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $220.36.

Manhattan Associates Price Performance

MANH opened at $126.11 on Tuesday. The stock has a market cap of $7.47 billion, a P/E ratio of 35.03 and a beta of 1.05. The stock's 50 day simple moving average is $138.33 and its 200 day simple moving average is $165.33. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 75.61% and a net margin of 20.34%.The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. 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 approved a share repurchase plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are generally 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.

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