New Age Alpha Advisors LLC Has $1.45 Million Stake in Manhattan Associates, Inc. $MANH

New Age Alpha Advisors LLC trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 36.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,378 shares of the software maker’s stock after selling 4,860 shares during the period. New Age Alpha Advisors LLC’s holdings in Manhattan Associates were worth $1,452,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its stake in Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Manhattan Associates during the fourth quarter worth about $44,000. Finally, Leonteq Securities AG acquired a new stake in Manhattan Associates during the fourth quarter worth about $44,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MANH shares. Robert W. Baird increased their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a research note on Thursday, April 16th. Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Citigroup reduced their price target on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell 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 $202.91.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Manhattan Associates Trading Down 0.8%

MANH opened at $138.55 on Thursday. The company’s 50 day moving average is $135.11 and its 200-day moving average is $152.99. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22. The company has a market cap of $8.20 billion, a P/E ratio of 38.81 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. During the same period last year, the company posted $1.19 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.75 EPS for the current year.

Manhattan Associates declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are 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.