Hixon Zuercher LLC Raises Stake in Manhattan Associates, Inc. $MANH

Hixon Zuercher LLC increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 50.7% in the first quarter, HoldingsChannel.com reports. The firm owned 19,958 shares of the software maker’s stock after acquiring an additional 6,713 shares during the quarter. Hixon Zuercher LLC’s holdings in Manhattan Associates were worth $2,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MANH. Montanaro Asset Management Ltd increased its holdings in Manhattan Associates by 3.0% in the fourth quarter. Montanaro Asset Management Ltd now owns 94,910 shares of the software maker’s stock valued at $16,449,000 after buying an additional 2,750 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Manhattan Associates by 43.3% during the 4th quarter. Corient Private Wealth LLC now owns 6,465 shares of the software maker’s stock valued at $1,120,000 after acquiring an additional 1,953 shares during the period. MidFirst Bank purchased a new stake in shares of Manhattan Associates during the 4th quarter worth approximately $299,000. Cambient Family Office LLC purchased a new stake in shares of Manhattan Associates during the 4th quarter worth approximately $1,171,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Manhattan Associates by 35.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after acquiring an additional 671,589 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

MANH has been the subject of several research analyst reports. Wall Street Zen raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays lowered their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Citigroup dropped their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Finally, William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $199.45.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by insiders.

Manhattan Associates Trading Up 1.1%

Shares of MANH stock opened at $130.18 on Wednesday. The firm has a 50-day moving average price of $138.79 and a 200 day moving average price of $148.74. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $247.22. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 36.46 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, research analysts predict that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Manhattan Associates declared that its board has approved a share buyback plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is 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.