Vanguard Group Inc. Raises Stock Position in Manhattan Associates, Inc. $MANH

Vanguard Group Inc. raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,820,320 shares of the software maker’s stock after purchasing an additional 108,426 shares during the period. Vanguard Group Inc. owned 0.11% of Manhattan Associates worth $1,398,029,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp raised its position in shares of Manhattan Associates by 14.8% during the 3rd quarter. Fifth Third Bancorp now owns 791 shares of the software maker’s stock worth $162,000 after purchasing an additional 102 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Manhattan Associates by 3.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,348 shares of the software maker’s stock worth $4,376,000 after buying an additional 651 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Manhattan Associates by 4.7% during the third quarter. PNC Financial Services Group Inc. now owns 8,340 shares of the software maker’s stock valued at $1,710,000 after acquiring an additional 372 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Manhattan Associates during the third quarter valued at approximately $218,000. Finally, Savvy Advisors Inc. purchased a new position in shares of Manhattan Associates in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays dropped their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Morgan Stanley reduced their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Stifel Nicolaus lowered their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Stock Up 0.5%

NASDAQ MANH opened at $144.27 on Friday. The business’s fifty day simple moving average is $162.99 and its 200-day simple moving average is $185.34. The firm has a market cap of $8.63 billion, a PE ratio of 40.08 and a beta of 1.04. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.10. The firm had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.