Insider Selling: Manhattan Associates (NASDAQ:MANH) EVP Sells 7,300 Shares of Stock

Manhattan Associates, Inc. (NASDAQ:MANH) EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the sale, the executive vice president owned 60,815 shares in the company, valued at approximately $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 this hyperlink.

Manhattan Associates Trading Up 2.9%

MANH traded up $4.03 on Friday, hitting $142.35. The company had a trading volume of 645,459 shares, compared to its average volume of 802,266. The firm has a market cap of $8.43 billion, a P/E ratio of 39.87 and a beta of 1.05. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22. The company’s fifty day moving average price is $136.98 and its 200 day moving average price is $161.93.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. Manhattan Associates’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, analysts predict that Manhattan Associates, Inc. will post 3.76 earnings per share for the current year.

Manhattan Associates announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Manhattan Associates

Several institutional investors have recently bought and sold shares of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after acquiring an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Manhattan Associates by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Manhattan Associates during the first quarter worth about $987,000. Focus Partners Wealth grew its position in shares of Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Manhattan Associates during the second quarter worth about $446,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on MANH shares. DA Davidson reduced their price objective on shares of Manhattan Associates from $240.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Citigroup dropped their target price on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays lifted their target price on Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Truist Financial set a $240.00 target price on Manhattan Associates in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.91.

Manhattan Associates Company 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.