Nordea Investment Management AB Sells 5,855 Shares of Manhattan Associates, Inc. $MANH

Nordea Investment Management AB trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 5.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 104,906 shares of the software maker’s stock after selling 5,855 shares during the quarter. Nordea Investment Management AB’s holdings in Manhattan Associates were worth $18,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Manhattan Associates in the 1st quarter worth $987,000. Focus Partners Wealth boosted its position 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 purchasing an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Manhattan Associates during the 2nd quarter worth $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MANH has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. DA Davidson dropped their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Barclays decreased their price objective on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.36.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $132.69 on Wednesday. The business’s 50-day simple moving average is $148.41 and its two-hundred day simple moving average is $173.62. The company has a market cap of $7.94 billion, a PE ratio of 36.86 and a beta of 1.05. Manhattan Associates, Inc. has a fifty-two week low of $127.86 and a fifty-two week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) 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 firm had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. During the same period last year, the business posted $1.17 earnings per share. The company’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, analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates announced that its board has approved a stock repurchase plan on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.