Manhattan Associates, Inc. $MANH Shares Sold by M&G PLC

M&G PLC cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,272 shares of the software maker’s stock after selling 39,762 shares during the quarter. M&G PLC owned 0.37% of Manhattan Associates worth $45,156,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its stake in shares of Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after purchasing an additional 118 shares during the period. Eastern Bank purchased a new stake in Manhattan Associates during the third quarter worth $30,000. Hantz Financial Services Inc. grew its position in Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after buying an additional 280 shares during the period. Allworth Financial LP grew its position in Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after buying an additional 244 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Manhattan Associates in the second quarter valued at $99,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MANH. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Barclays dropped their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. DA Davidson lowered their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $140.45 on Monday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 39.01 and a beta of 1.04. The company’s 50-day moving average is $166.19 and its two-hundred day moving average is $187.53. Manhattan Associates, Inc. has a 1-year low of $127.86 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. During the same period in the prior year, the business posted $1.17 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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.