Stock Buyback Plan Announced by Manhattan Associates (NASDAQ:MANH)

Key Points

• Manhattan Associates' board approved a $500 million share repurchase program, permitting the company to buy back up to 5.8% of outstanding shares—a move typically viewed as management signaling the stock is undervalued.
• The company reported a recent quarterly beat with $1.21 EPS (vs. $1.11 expected) and $270.39M in revenue, and issued FY 2026 guidance of 5.040–5.200 EPS.
• Shares traded up about 2.4% to $147 (market cap ~$8.8B), and analysts hold a consensus Moderate Buy rating with an average price target of $218.75.

Manhattan Associates (NASDAQ:MANH - Get Free Report) declared that its board has approved a share repurchase plan on Thursday, March 5th, RTT News reports. The company plans to buyback $500.00 million in shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Manhattan Associates Trading Up 2.4%

MANH traded up $3.46 during trading on Thursday, reaching $147.00. The stock had a trading volume of 556,679 shares, compared to its average volume of 872,665. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 40.83 and a beta of 1.05. The stock's 50 day moving average is $156.55 and its two-hundred day moving average is $180.73. Manhattan Associates has a one year low of $127.86 and a one year high of $247.22.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.10. The firm had revenue of $270.39 million for the quarter, compared to analysts' expectations of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities research analysts predict that Manhattan Associates will post 3.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MANH. Citigroup upgraded Manhattan Associates from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Morgan Stanley dropped their price target 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. William Blair reiterated an "outperform" rating on shares of Manhattan Associates in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of 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, Barclays decreased their price objective on shares of Manhattan Associates from $239.00 to $237.00 and set an "overweight" rating for the company in a report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of "Moderate Buy" and an average price target of $218.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.