Truist Financial Corp Sells 4,058 Shares of Manhattan Associates, Inc. $MANH

Truist Financial Corp lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,852 shares of the software maker’s stock after selling 4,058 shares during the quarter. Truist Financial Corp’s holdings in Manhattan Associates were worth $3,659,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in Manhattan Associates by 1.5% during the second quarter. Alliancebernstein L.P. now owns 2,283,580 shares of the software maker’s stock valued at $450,939,000 after purchasing an additional 34,205 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Manhattan Associates by 181.6% during the 2nd 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 acquired a new position in Manhattan Associates in the 2nd quarter valued at $162,545,000. Massachusetts Financial Services Co. MA raised its holdings in Manhattan Associates by 86.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after acquiring an additional 312,858 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings 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 acquiring an additional 314,112 shares during the period. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Price Performance

Shares of MANH stock opened at $138.52 on Thursday. Manhattan Associates, Inc. has a one year low of $127.86 and a one year high of $247.22. The stock has a fifty day moving average price of $171.01 and a 200 day moving average price of $191.33. The stock has a market cap of $8.35 billion, a P/E ratio of 38.48 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. The firm had revenue of $270.39 million for 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 business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group set a $240.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. Morgan Stanley decreased their target price on 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Raymond James Financial cut their price target on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, DA Davidson lowered their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Nine investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

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.