Sumitomo Mitsui Trust Group Inc. Lowers Position in Manhattan Associates, Inc. $MANH

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 660,480 shares of the software maker’s stock after selling 7,248 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.10% of Manhattan Associates worth $114,468,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in Manhattan Associates by 3.3% during the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after buying an additional 59 shares in the last quarter. Archer Investment Corp lifted its position in Manhattan Associates by 8.6% during the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after buying an additional 62 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Manhattan Associates by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock valued at $2,944,000 after buying an additional 67 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Manhattan Associates by 2.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock valued at $555,000 after buying an additional 69 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Manhattan Associates by 1.4% during the third quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after buying an additional 76 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on MANH shares. Truist Financial set a $240.00 price target on shares of Manhattan Associates in a research report on Thursday, January 15th. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. Barclays dropped their price objective on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Morgan Stanley dropped their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $220.36.

Manhattan Associates Stock Up 4.3%

MANH opened at $126.11 on Tuesday. The firm has a market capitalization of $7.47 billion, a P/E ratio of 35.03 and a beta of 1.05. The firm’s 50 day moving average is $138.33 and its 200-day moving average is $165.33. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The company had revenue of $270.39 million for 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 quarter last year, the firm posted $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates announced that its board has authorized a stock buyback program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.