17,400 Shares in Manhattan Associates, Inc. $MANH Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 1st quarter, Holdings Channel.com reports. The firm acquired 17,400 shares of the software maker’s stock, valued at approximately $2,316,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MANH. Vanguard Group Inc. lifted its holdings in shares of Manhattan Associates by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after buying an additional 136,708 shares during the period. Alliancebernstein L.P. increased its stake in shares of Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after buying an additional 518,321 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after buying an additional 671,589 shares during the period. AQR Capital Management LLC raised its holdings in shares of Manhattan Associates by 6.9% in the fourth quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock valued at $384,668,000 after acquiring an additional 142,407 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Manhattan Associates by 2.5% in the fourth quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock valued at $377,543,000 after acquiring an additional 53,037 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MANH. Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a report on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Robert W. Baird increased their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, William Blair reissued an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.45.

Insider Activity

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is currently owned by company insiders.

Manhattan Associates Trading Up 0.2%

Shares of MANH stock opened at $138.10 on Tuesday. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22. The business’s fifty day simple moving average is $139.25 and its 200-day simple moving average is $147.51. The company has a market cap of $8.17 billion, a PE ratio of 38.68 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm had revenue of $282.21 million during the quarter, compared to analysts’ expectations of $273.70 million. During the same quarter last year, the firm earned $1.19 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. 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 3.68 earnings per share for the current year.

Manhattan Associates declared that its Board of Directors has initiated a share buyback 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 buy up to 5.8% of its stock through open market purchases. Stock 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.