M&T Bank Corp Has $2.90 Million Holdings in Manhattan Associates, Inc. $MANH

Key Points

• M&T Bank Corp boosted its stake in Manhattan Associates by 127% to 16,711 shares valued at about $2.90 million, and institutional investors/hedge funds now own roughly 98.45% of the stock.
• Manhattan Associates beat quarterly expectations (EPS $1.24 vs. $1.10; revenue $282.22M vs. $273.71M), provided FY2026 guidance of $5.290–$5.370 EPS, and authorized a $500 million share buyback (up to ~5.8% of shares).
• Analysts hold a consensus “Moderate Buy” with an average target of $202.91, though several firms recently trimmed price targets (e.g., DA Davidson, Citi, Morgan Stanley), reflecting mixed views.

M&T Bank Corp lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 127.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,711 shares of the software maker's stock after acquiring an additional 9,349 shares during the quarter. M&T Bank Corp's holdings in Manhattan Associates were worth $2,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker's stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Eastern Bank acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $30,000. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates in the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in shares of Manhattan Associates in the 4th quarter worth approximately $44,000. Finally, Quarry LP acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $62,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on MANH. DA Davidson reduced their target price on Manhattan Associates from $240.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 22nd. Barclays boosted their target price on Manhattan Associates from $236.00 to $239.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup dropped their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a "buy" rating for the company in a research report on Wednesday, April 22nd. Morgan Stanley dropped their price objective 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. Finally, Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research report on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of "Moderate Buy" and an average price target of $202.91.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the company's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the sale, the executive vice president owned 60,815 shares in the company, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company's stock.

Manhattan Associates Price Performance

MANH stock opened at $137.84 on Tuesday. The company has a 50 day moving average price of $136.96 and a 200 day moving average price of $160.47. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $247.22. The stock has a market capitalization of $8.17 billion, a PE ratio of 38.61 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $282.22 million during the quarter, compared to analysts' expectations of $273.71 million. During the same quarter in the previous year, the company posted $1.19 EPS. Manhattan Associates's revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.75 earnings per share for the current fiscal year.

Manhattan Associates announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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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