SG Americas Securities LLC lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,188 shares of the software maker’s stock after selling 5,633 shares during the quarter. SG Americas Securities LLC’s holdings in Manhattan Associates were worth $6,681,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Montanaro Asset Management Ltd increased its stake in shares of Manhattan Associates by 3.0% in the 4th quarter. Montanaro Asset Management Ltd now owns 94,910 shares of the software maker’s stock valued at $16,449,000 after purchasing an additional 2,750 shares in the last quarter. Corient Private Wealth LLC boosted its position in Manhattan Associates by 43.3% during the fourth quarter. Corient Private Wealth LLC now owns 6,465 shares of the software maker’s stock worth $1,120,000 after purchasing an additional 1,953 shares in the last quarter. MidFirst Bank purchased a new position in Manhattan Associates during the fourth quarter worth approximately $299,000. Cambient Family Office LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $1,171,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Manhattan Associates by 35.2% in the fourth 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 purchasing an additional 671,589 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on MANH. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Barclays dropped their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Robert W. Baird upped their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.45.
Insider Buying and Selling
In related news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction 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 approximately $8,468,488.75. The trade was a 10.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the sale, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by insiders.
Manhattan Associates Price Performance
MANH opened at $137.85 on Monday. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 38.61 and a beta of 0.97. The company’s 50 day simple moving average is $139.09 and its two-hundred day simple moving average is $147.77. 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 announced its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.21 million for the quarter, compared to analysts’ expectations of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.
Manhattan Associates declared that its board has initiated a stock buyback program on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
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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