Pacer Advisors Inc. Sells 62,012 Shares of Manhattan Associates, Inc. $MANH

Pacer Advisors Inc. decreased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 39.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 96,413 shares of the software maker’s stock after selling 62,012 shares during the period. Pacer Advisors Inc.’s holdings in Manhattan Associates were worth $16,709,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cambient Family Office LLC purchased a new position in Manhattan Associates during the 4th quarter valued at about $1,171,000. T. Rowe Price Investment Management Inc. increased its position in shares of Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after buying an additional 671,589 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Manhattan Associates by 156.0% in the fourth quarter. Corient Private Wealth LLC now owns 11,550 shares of the software maker’s stock worth $2,002,000 after buying an additional 7,038 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Manhattan Associates in the fourth quarter valued at approximately $1,300,000. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Manhattan Associates by 8.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,829 shares of the software maker’s stock valued at $1,184,000 after acquiring an additional 539 shares during the period. Institutional investors own 98.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction 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. This represents a 10.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the sale, the chief executive officer owned 92,638 shares in the company, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by corporate insiders.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $132.28 on Friday. The business has a 50-day moving average of $138.52 and a 200-day moving average of $149.61. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 37.05 and a beta of 0.97. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating 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 business had revenue of $282.21 million for the quarter, compared to the consensus estimate of $273.70 million. During the same period last year, the firm posted $1.19 earnings per share. Manhattan Associates’s quarterly revenue 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, analysts predict that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Manhattan Associates announced that its Board of Directors has initiated a stock buyback program on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Barclays cut their price target on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Robert W. Baird boosted their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $199.45.

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.