Vanguard Group Inc. Buys 136,708 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Vanguard Group boosted its stake in Manhattan Associates by 2% in Q4, buying 136,708 shares and now owning about 11.55% of the company worth roughly $1.206 billion per its 13F filing.
• Earnings beat: Manhattan reported $1.24 EPS versus $1.10 expected and revenue of $282.2M (up 7.4% YoY), and set FY2026 guidance of $5.29–$5.37 EPS.
• The board approved a $500 million share buyback (approximately 5.8% of shares), a move that typically signals management views the stock as undervalued.

Vanguard Group Inc. grew its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,957,028 shares of the software maker's stock after purchasing an additional 136,708 shares during the period. Vanguard Group Inc. owned about 11.55% of Manhattan Associates worth $1,205,723,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MANH. Quent Long Short Global Small Cap Fund LP bought a new position in Manhattan Associates during the 4th quarter valued at about $324,000. Teacher Retirement System of Texas grew its stake in Manhattan Associates by 19.0% during the fourth quarter. Teacher Retirement System of Texas now owns 47,979 shares of the software maker's stock worth $8,315,000 after buying an additional 7,676 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Manhattan Associates by 127.0% during the fourth quarter. M&T Bank Corp now owns 16,711 shares of the software maker's stock worth $2,896,000 after buying an additional 9,349 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Manhattan Associates by 15.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 43,981 shares of the software maker's stock worth $7,622,000 after buying an additional 6,030 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Manhattan Associates by 60.2% in the fourth quarter. Evergreen Capital Management LLC now owns 3,808 shares of the software maker's stock valued at $660,000 after acquiring an additional 1,431 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Stock Up 1.6%

NASDAQ:MANH opened at $140.13 on Friday. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22. The stock's fifty day simple moving average is $136.84 and its 200-day simple moving average is $159.80. The firm has a market capitalization of $8.29 billion, a P/E ratio of 39.25 and a beta of 0.96.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business had revenue of $282.22 million during the quarter, compared to the consensus estimate of $273.71 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The firm'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 research analysts expect that Manhattan Associates, Inc. will post 3.75 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on MANH. Morgan Stanley reduced their target price on Manhattan Associates from $200.00 to $165.00 and set an "equal weight" rating on the stock in a report on Monday, January 5th. Wall Street Zen raised Manhattan Associates from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research note on Thursday, April 16th. Citigroup decreased their target price on Manhattan Associates from $208.00 to $177.00 and set a "buy" rating on the stock in a report on Wednesday, April 22nd. Finally, Barclays raised their target price on Manhattan Associates from $236.00 to $239.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $202.91.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.84% of the stock is currently owned by company insiders.

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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