Magnetar Financial LLC Has $2.30 Million Holdings in Manhattan Associates, Inc. $MANH

Magnetar Financial LLC boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 335.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,200 shares of the software maker’s stock after acquiring an additional 8,626 shares during the period. Magnetar Financial LLC’s holdings in Manhattan Associates were worth $2,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in shares of Manhattan Associates by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after purchasing an additional 1,243,390 shares in the last quarter. Norges Bank bought a new position in shares of Manhattan Associates during the second quarter worth approximately $162,545,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Manhattan Associates by 88.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock valued at $136,871,000 after buying an additional 314,112 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Manhattan Associates by 86.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock valued at $138,573,000 after buying an additional 312,858 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Manhattan Associates during the second quarter worth approximately $49,204,000. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays lowered their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Stifel Nicolaus dropped their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Finally, William Blair reissued an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Stock Performance

Shares of MANH opened at $140.29 on Friday. Manhattan Associates, Inc. has a 52-week low of $127.86 and a 52-week high of $247.22. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 38.97 and a beta of 1.05. The business’s fifty day moving average is $153.70 and its 200-day moving average is $178.36.

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

Manhattan Associates announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally a sign 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.