Manhattan Associates, Inc. $MANH Stock Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 660,480 shares of the software maker’s stock after selling 7,248 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Manhattan Associates were worth $114,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Manhattan Associates by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,820,320 shares of the software maker’s stock worth $1,398,029,000 after purchasing an additional 108,426 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Manhattan Associates by 7.7% in the 3rd quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock worth $425,771,000 after purchasing an additional 149,079 shares during the last quarter. Invesco Ltd. increased its position in shares of Manhattan Associates by 4.1% in the 3rd quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock worth $183,101,000 after purchasing an additional 35,172 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Manhattan Associates by 0.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock worth $176,461,000 after purchasing an additional 5,961 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent research reports. Barclays lowered their target price on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Morgan Stanley lowered 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 research note on Monday, January 5th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. DA Davidson lowered their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.36.

Manhattan Associates Price Performance

MANH stock opened at $126.11 on Tuesday. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22. The firm has a fifty day moving average price of $138.33 and a two-hundred day moving average price of $165.33. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 35.03 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS 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 analyst estimates of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates declared that its board has approved a stock repurchase program on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are 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.