Universal Beteiligungs und Servicegesellschaft mbH Buys 6,030 Shares of Manhattan Associates, Inc. $MANH

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,981 shares of the software maker’s stock after purchasing an additional 6,030 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Manhattan Associates worth $7,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MANH. Alliancebernstein L.P. grew its holdings in shares of Manhattan Associates by 22.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after purchasing an additional 518,321 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Manhattan Associates by 88.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after acquiring an additional 314,112 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Manhattan Associates by 86.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after acquiring an additional 312,858 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Manhattan Associates by 76.4% during the 3rd quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock worth $145,073,000 after acquiring an additional 306,516 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Manhattan Associates by 2,035.5% during the 3rd quarter. Captrust Financial Advisors now owns 303,268 shares of the software maker’s stock worth $62,164,000 after acquiring an additional 289,067 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 7,300 shares of the firm’s 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 sale, the executive vice president directly owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.

Manhattan Associates Trading Down 3.2%

Shares of Manhattan Associates stock opened at $137.84 on Tuesday. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 38.61 and a beta of 1.05. The company’s 50-day moving average price is $136.96 and its 200-day moving average price is $160.47.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results 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 period in the prior year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, sell-side analysts predict that Manhattan Associates, Inc. will post 3.75 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

MANH has been the topic of a number of research reports. DA Davidson reduced their target price on shares of Manhattan Associates from $240.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Morgan Stanley reduced their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Robert W. Baird boosted their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Manhattan Associates from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Truist Financial set a $240.00 price target 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.