New York State Common Retirement Fund Sells 192,898 Shares of Manhattan Associates, Inc. $MANH

New York State Common Retirement Fund lessened its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 84.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,779 shares of the software maker’s stock after selling 192,898 shares during the quarter. New York State Common Retirement Fund’s holdings in Manhattan Associates were worth $7,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of Manhattan Associates by 181.6% in the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after buying an additional 1,243,390 shares during the period. Norges Bank bought a new position in Manhattan Associates during the 2nd quarter worth approximately $162,545,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Manhattan Associates by 88.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after purchasing an additional 314,112 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Manhattan Associates by 86.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock valued at $138,573,000 after purchasing an additional 312,858 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Manhattan Associates during the second quarter valued at approximately $49,204,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 2.1%

MANH opened at $138.52 on Thursday. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22. The stock has a market cap of $8.35 billion, a PE ratio of 38.48 and a beta of 1.04. The business has a 50 day moving average of $171.01 and a 200-day moving average of $191.33.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.10. The company had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period 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. Equities analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MANH. Barclays decreased their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. UBS Group set a $240.00 target price on shares of Manhattan Associates in a report on Wednesday, October 22nd. Stifel Nicolaus cut their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.75.

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.