Captrust Financial Advisors Boosts Stake in Manhattan Associates, Inc. $MANH

Captrust Financial Advisors lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2,035.5% in the third quarter, HoldingsChannel.com reports. The firm owned 303,268 shares of the software maker’s stock after acquiring an additional 289,067 shares during the quarter. Captrust Financial Advisors’ holdings in Manhattan Associates were worth $62,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MANH. Caitong International Asset Management Co. Ltd lifted its position in Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Eastern Bank purchased a new stake in shares of Manhattan Associates in the 3rd quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Manhattan Associates in the 3rd quarter valued at approximately $62,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $68,000. Finally, Allworth Financial LP lifted its holdings in shares of Manhattan Associates by 127.7% in the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MANH shares. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Morgan Stanley lowered their price target on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Truist Financial set a $240.00 price objective on Manhattan Associates in a report on Thursday, January 15th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.36.

Manhattan Associates Trading Down 1.7%

Manhattan Associates stock opened at $138.22 on Thursday. The company has a fifty day simple moving average of $151.40 and a 200-day simple moving average of $175.96. The stock has a market cap of $8.27 billion, a P/E ratio of 38.39 and a beta of 1.05. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The firm had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. Manhattan Associates’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. As a group, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates announced that its Board of Directors has authorized a stock buyback program on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Manhattan Associates 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.