Swedbank AB Acquires 300,000 Shares of Manhattan Associates, Inc. $MANH

Swedbank AB lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 25.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,500,000 shares of the software maker’s stock after buying an additional 300,000 shares during the quarter. Swedbank AB’s holdings in Manhattan Associates were worth $199,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Manhattan Associates by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC bought a new position in shares of Manhattan Associates in the first quarter worth about $987,000. Focus Partners Wealth grew its holdings in shares of Manhattan Associates by 181.4% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Manhattan Associates in the 2nd quarter worth about $446,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MANH. DA Davidson reiterated a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a report on Wednesday, May 20th. Barclays reduced their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a research report on Wednesday, May 20th. Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Citigroup dropped their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $199.45.

Insider Buying and Selling at Manhattan Associates

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

Manhattan Associates Trading Up 2.7%

Shares of MANH traded up $4.09 during mid-day trading on Tuesday, hitting $157.90. The company’s stock had a trading volume of 142,415 shares, compared to its average volume of 736,568. The company’s 50-day moving average is $140.43 and its 200-day moving average is $146.63. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $247.22. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 44.23 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. The company had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. Manhattan Associates’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

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.