Bessemer Group Inc. reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 631,302 shares of the software maker’s stock after selling 23,612 shares during the quarter. Bessemer Group Inc.’s holdings in Manhattan Associates were worth $109,411,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Manhattan Associates by 13.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 16,344 shares of the software maker’s stock valued at $2,832,000 after purchasing an additional 1,981 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Manhattan Associates by 30.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock valued at $32,505,000 after purchasing an additional 43,955 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Manhattan Associates by 57.8% in the 4th quarter. Swiss Life Asset Management Ltd now owns 4,293 shares of the software maker’s stock valued at $744,000 after purchasing an additional 1,572 shares during the last quarter. Advisor OS LLC lifted its holdings in shares of Manhattan Associates by 28.7% in the 4th quarter. Advisor OS LLC now owns 7,912 shares of the software maker’s stock valued at $1,371,000 after purchasing an additional 1,766 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Manhattan Associates by 8.4% in the 4th quarter. Wesbanco Bank Inc. now owns 1,931 shares of the software maker’s stock valued at $335,000 after purchasing an additional 150 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Barclays boosted their target price on Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. DA Davidson cut their target price on Manhattan Associates from $240.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Citigroup cut their target price on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average price target of $202.91.
Manhattan Associates Price Performance
MANH opened at $131.32 on Friday. The stock has a market cap of $7.77 billion, a P/E ratio of 36.78 and a beta of 0.95. The stock’s 50 day simple moving average is $136.33 and its 200 day simple moving average is $155.63. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22.
Manhattan Associates (NASDAQ:MANH – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Research analysts expect that Manhattan Associates, Inc. will post 3.75 EPS for the current fiscal year.
Manhattan Associates announced that its board has authorized a share repurchase program on Thursday, March 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Insider Buying and Selling at Manhattan Associates
In related news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
Manhattan Associates 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.
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