Manhattan Associates, Inc. $MANH Holdings Trimmed by Panagora Asset Management Inc.

Panagora Asset Management Inc. decreased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 12.1% in the fourth quarter, HoldingsChannel reports. The firm owned 157,733 shares of the software maker’s stock after selling 21,687 shares during the period. Panagora Asset Management Inc.’s holdings in Manhattan Associates were worth $27,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $27,000. BNP Paribas acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $39,000. TD Private Client Wealth LLC boosted its position in shares of Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after purchasing an additional 109 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In related news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This 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 currently owned by corporate insiders.

Manhattan Associates Trading Up 0.7%

Shares of Manhattan Associates stock opened at $143.89 on Tuesday. The stock has a 50-day moving average price of $138.59 and a 200 day moving average price of $150.61. The company has a market cap of $8.51 billion, a P/E ratio of 40.31 and a beta of 0.97. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.22 million during the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MANH shares. DA Davidson reiterated a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Stifel Nicolaus set a $200.00 price target on Manhattan Associates in a research report on Wednesday, May 20th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average target price of $199.45.

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.