Sumitomo Mitsui Trust Group Inc. Has $89.67 Million Stock Holdings in Manhattan Associates, Inc. $MANH

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 673,608 shares of the software maker’s stock after buying an additional 13,128 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Manhattan Associates were worth $89,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $124,264,000. T. Rowe Price Investment Management Inc. increased its position in Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after acquiring an additional 671,589 shares during the period. Alliancebernstein L.P. raised its stake in Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares in the last quarter. Lazard Asset Management LLC raised its stake in Manhattan Associates by 76.4% in the 3rd quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock worth $145,073,000 after purchasing an additional 306,516 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Manhattan Associates by 25.0% in the 1st quarter. Swedbank AB now owns 1,500,000 shares of the software maker’s stock valued at $199,680,000 after purchasing an additional 300,000 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Stewart Gantt sold 7,300 shares of the company’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 of the company’s stock, valued at $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.84% of the company’s stock.

Manhattan Associates Price Performance

MANH traded down $1.73 on Friday, hitting $154.90. 483,897 shares of the stock were exchanged, compared to its average volume of 630,416. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 43.39 and a beta of 0.97. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22. The business has a 50-day moving average of $141.63 and a two-hundred day moving average of $146.27.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS 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 analyst estimates of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Equities research analysts expect that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Robert W. Baird lifted their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus set a $200.00 price target on Manhattan Associates in a research note on Wednesday, May 20th. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. Finally, DA Davidson restated a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.45.

About Manhattan Associates

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.