Natixis Advisors LLC Has $5.63 Million Stake in Manhattan Associates, Inc. $MANH

Natixis Advisors LLC trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,456 shares of the software maker’s stock after selling 9,755 shares during the quarter. Natixis Advisors LLC’s holdings in Manhattan Associates were worth $5,625,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Manhattan Associates by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after buying an additional 88,005 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Manhattan Associates in the 4th quarter valued at $6,066,000. Allianz Asset Management GmbH raised its position in Manhattan Associates by 33.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock valued at $11,360,000 after buying an additional 14,013 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in 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 buying an additional 43,955 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position 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 valued at $574,334,000 after buying an additional 518,321 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the firm’s 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 transaction, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Manhattan Associates Stock Performance

MANH stock opened at $146.88 on Tuesday. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 41.14 and a beta of 0.97. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $247.22. The stock has a fifty day moving average of $137.41 and a 200-day moving average of $151.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The company 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 firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Equities analysts predict that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

Manhattan Associates declared that its Board of Directors has approved a stock repurchase program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes 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 leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MANH shares. Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. DA Davidson reissued a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Robert W. Baird increased their price target on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a research report on Thursday, April 16th. Finally, Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently 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.