Principal Financial Group Inc. Reduces Stock Holdings in Manhattan Associates, Inc. $MANH

Principal Financial Group Inc. cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 33.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 149,913 shares of the software maker’s stock after selling 75,854 shares during the quarter. Principal Financial Group Inc. owned about 0.25% of Manhattan Associates worth $30,729,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Fund Management S.A. lifted its holdings in shares of Manhattan Associates by 45.4% during the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock worth $25,090,000 after purchasing an additional 39,699 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Manhattan Associates by 4.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock worth $29,435,000 after buying an additional 6,500 shares during the last quarter. Abacus FCF Advisors LLC lifted its stake in Manhattan Associates by 33.0% during the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock valued at $9,116,000 after acquiring an additional 11,043 shares during the period. Cerity Partners LLC boosted its holdings in shares of Manhattan Associates by 11.8% in the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock valued at $20,461,000 after acquiring an additional 10,526 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Manhattan Associates in the second quarter worth $3,339,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MANH. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. UBS Group set a $240.00 price objective on Manhattan Associates in a report on Wednesday, October 22nd. DA Davidson decreased their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Morgan Stanley cut 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 report on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $145.07 on Friday. The stock has a market capitalization of $8.68 billion, a P/E ratio of 40.30 and a beta of 1.04. The company’s fifty day moving average price is $169.63 and its 200 day moving average price is $190.59. Manhattan Associates, Inc. has a 1 year low of $127.86 and a 1 year high of $247.22.

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