Manhattan Associates (NASDAQ:MANH) to Buyback $500.00 million in Outstanding Shares

Manhattan Associates (NASDAQ:MANH) declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th, RTT News reports. The company plans to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 5.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Manhattan Associates Trading Up 2.4%

Shares of MANH opened at $147.00 on Friday. The business’s 50-day moving average price is $156.55 and its 200 day moving average price is $180.73. The stock has a market capitalization of $8.80 billion, a P/E ratio of 40.83 and a beta of 1.05. Manhattan Associates has a 1-year low of $127.86 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data 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 company had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, research analysts predict that Manhattan Associates will post 3.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Morgan Stanley cut their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research report on Thursday, January 15th. DA Davidson dropped their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. Nine 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Manhattan Associates Company 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.