Manhattan Associates (NASDAQ:MANH) Hits New 1-Year Low - Here's Why

Key Points

• Manhattan Associates hit a new 52-week low, trading as low as $126.00 (last $126.20) and down about 5.5%, sitting below its 50‑day ($140.05) and 200‑day ($167.53) moving averages with a market cap of $7.55B and a P/E of 35.1.
• The company beat quarterly estimates (EPS $1.21 vs. $1.11, revenue $270.39M vs. $264.69M, revenue +5.7% YoY), set FY2026 guidance of $5.040–$5.200 EPS, and authorized a $500 million share buyback (up to 5.8% of shares).
• Analysts remain cautiously positive with a consensus rating of "Moderate Buy" and a $220.36 average target despite several lowered price targets, and institutional ownership is very high at 98.45% with major funds adding to positions.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $126.00 and last traded at $126.20, with a volume of 67056 shares traded. The stock had previously closed at $133.50.

Analyst Ratings Changes

A number of research firms recently commented on MANH. Truist Financial set a $240.00 price target on Manhattan Associates in a research report on Thursday, January 15th. DA Davidson decreased their price target 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. Barclays decreased their price target on Manhattan Associates from $237.00 to $236.00 and set an "overweight" rating on the stock in a research report on Monday, March 16th. Stifel Nicolaus decreased their price target on Manhattan Associates from $240.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 23rd. Finally, William Blair restated an "outperform" rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $220.36.

Manhattan Associates Trading Down 5.5%

The firm has a fifty day simple moving average of $140.05 and a 200-day simple moving average of $167.53. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 35.10 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. During the same quarter in the prior year, the business earned $1.17 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates declared that its board has initiated a stock repurchase 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 buy up to 5.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Institutional Trading of Manhattan Associates

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Manhattan Associates by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker's stock valued at $1,205,723,000 after acquiring an additional 136,708 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker's stock valued at $574,334,000 after buying an additional 518,321 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Manhattan Associates by 35.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker's stock valued at $447,182,000 after buying an additional 671,589 shares during the period. AQR Capital Management LLC raised its stake in Manhattan Associates by 6.9% during the 4th quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker's stock worth $384,668,000 after buying an additional 142,407 shares during the period. Finally, Morgan Stanley raised its stake in Manhattan Associates by 2.5% during the 4th quarter. Morgan Stanley now owns 2,178,422 shares of the software maker's stock worth $377,543,000 after buying an additional 53,037 shares during the period. Institutional investors own 98.45% of the company's stock.

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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