Citigroup Inc. Lowers Stock Position in Manhattan Associates, Inc. $MANH

Citigroup Inc. lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 43.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 22,189 shares of the software maker’s stock after selling 17,103 shares during the quarter. Citigroup Inc.’s holdings in Manhattan Associates were worth $4,548,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MANH. Compass Wealth Management LLC bought a new stake in shares of Manhattan Associates during the 3rd quarter worth $250,000. Syon Capital LLC lifted its stake in Manhattan Associates by 15.8% during the third quarter. Syon Capital LLC now owns 1,946 shares of the software maker’s stock worth $399,000 after purchasing an additional 266 shares during the last quarter. First National Bank of Omaha purchased a new position in shares of Manhattan Associates in the 3rd quarter worth about $4,698,000. Rothschild Investment LLC increased its position in shares of Manhattan Associates by 121,500.0% during the 3rd quarter. Rothschild Investment LLC now owns 1,216 shares of the software maker’s stock valued at $249,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Manhattan Associates by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,820,320 shares of the software maker’s stock valued at $1,398,029,000 after buying an additional 108,426 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $143.54 on Thursday. The stock has a market cap of $8.59 billion, a P/E ratio of 39.87 and a beta of 1.05. Manhattan Associates, Inc. has a fifty-two week low of $127.86 and a fifty-two week high of $247.22. The stock has a 50 day simple moving average of $157.11 and a two-hundred day simple moving average of $180.97.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Sell-side analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

MANH has been the subject of several research reports. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research note on Thursday, January 15th. Barclays reduced their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus reduced their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.