John G Ullman & Associates Inc. Makes New Investment in Manhattan Associates, Inc. $MANH

John G Ullman & Associates Inc. acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,150 shares of the software maker’s stock, valued at approximately $2,106,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after buying an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after acquiring an additional 41,571 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Manhattan Associates in the 1st quarter worth about $987,000. Focus Partners Wealth lifted its holdings in shares of Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter worth about $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $131.32 on Friday. The firm has a 50-day simple moving average of $136.33 and a 200-day simple moving average of $155.63. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $247.22. The firm has a market cap of $7.77 billion, a P/E ratio of 36.78 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. During the same quarter in the previous year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, research analysts predict that Manhattan Associates, Inc. will post 3.75 EPS for the current fiscal year.

Manhattan Associates declared that its Board of Directors has initiated 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 reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MANH shares. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. DA Davidson lowered their target price on shares of Manhattan Associates from $240.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Barclays raised their target price on shares of Manhattan Associates from $236.00 to $239.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $225.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.91.

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.