HB Wealth Management LLC Boosts Position in Manhattan Associates, Inc. $MANH

HB Wealth Management LLC raised its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 62.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,996 shares of the software maker’s stock after buying an additional 4,244 shares during the period. HB Wealth Management LLC’s holdings in Manhattan Associates were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in shares of Manhattan Associates during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 112 shares during the period. BNP Paribas bought a new stake in Manhattan Associates during the 4th quarter valued at $39,000. TD Private Client Wealth LLC lifted its holdings in shares of Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates during the 4th quarter worth $44,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $158.17 on Wednesday. The company’s 50-day simple moving average is $140.75 and its 200-day simple moving average is $146.50. 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 market capitalization of $9.36 billion, a P/E ratio of 44.31 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping the consensus estimate 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 $282.21 million during the quarter, compared to analyst estimates of $273.70 million. During the same quarter in the previous year, the business posted $1.19 EPS. Manhattan Associates’s 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, research analysts forecast that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on MANH. Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a report on Thursday, April 16th. Finally, Robert W. Baird boosted their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $199.45.

Insider Buying and Selling at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is currently owned by insiders.

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.