Inceptionr LLC Invests $1.31 Million in Manhattan Associates, Inc. $MANH

Inceptionr LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,399 shares of the software maker’s stock, valued at approximately $1,312,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Midwest Professional Planners LTD. grew its stake in Manhattan Associates by 1.9% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock valued at $563,000 after acquiring an additional 53 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after purchasing an additional 59 shares in the last quarter. Archer Investment Corp lifted its stake in Manhattan Associates by 8.6% in the 3rd quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock worth $161,000 after purchasing an additional 62 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Manhattan Associates by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after purchasing an additional 67 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Manhattan Associates by 1.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock worth $1,152,000 after purchasing an additional 76 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday, January 15th. DA Davidson cut their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a report on Thursday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $152.45 on Monday. The company has a 50 day simple moving average of $156.08 and a 200-day simple moving average of $179.81. The company has a market capitalization of $9.12 billion, a P/E ratio of 42.35 and a beta of 1.05. Manhattan Associates, Inc. has a 1 year low of $127.86 and a 1 year high of $247.22.

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

Manhattan Associates declared that its board has authorized a share repurchase program on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

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.