Night Squared LP Invests $753,000 in Manhattan Associates, Inc. $MANH

Night Squared LP acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,345 shares of the software maker’s stock, valued at approximately $753,000.

Several other institutional investors have also recently modified their holdings of the company. Oddo BHF Asset Management Sas raised its stake in shares of Manhattan Associates by 106.2% in the fourth quarter. Oddo BHF Asset Management Sas now owns 4,587 shares of the software maker’s stock worth $795,000 after purchasing an additional 2,362 shares during the last quarter. L2 Asset Management LLC raised its stake in shares of Manhattan Associates by 72.6% in the fourth quarter. L2 Asset Management LLC now owns 7,100 shares of the software maker’s stock worth $1,231,000 after purchasing an additional 2,986 shares during the last quarter. Cynosure Group LLC purchased a new position in shares of Manhattan Associates in the fourth quarter worth about $407,000. Alberta Investment Management Corp purchased a new position in shares of Manhattan Associates in the fourth quarter worth about $1,300,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Manhattan Associates in the fourth quarter worth about $55,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MANH has been the topic of a number of recent research reports. Barclays lowered their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a research note on Wednesday, May 20th. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Citigroup lowered their target price on 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 research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Manhattan Associates Stock Down 3.1%

Shares of MANH opened at $139.40 on Wednesday. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 39.05 and a beta of 0.97. The stock’s 50-day moving average price is $138.68 and its 200-day moving average price is $150.36.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.Manhattan Associates’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities analysts anticipate that Manhattan Associates, Inc. will post 3.68 EPS for the current fiscal year.

Manhattan Associates declared that its Board of Directors has initiated a share repurchase program on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 92,638 shares in the company, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.84% of the company’s stock.

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.