Manhattan Associates, Inc. $MANH Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 40.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,195 shares of the software maker’s stock after acquiring an additional 28,681 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Manhattan Associates were worth $17,191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. NewEdge Advisors LLC increased its stake in shares of Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares in the last quarter. Archer Investment Corp boosted its position in Manhattan Associates by 8.6% during the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock worth $161,000 after purchasing an additional 62 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Manhattan Associates by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock valued at $2,944,000 after purchasing an additional 67 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Manhattan Associates by 2.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock valued at $555,000 after buying an additional 69 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Manhattan Associates by 1.4% in the third quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after buying an additional 76 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

NASDAQ MANH opened at $127.40 on Friday. The stock’s 50 day simple moving average is $145.76 and its 200-day simple moving average is $172.09. The company has a market cap of $7.62 billion, a PE ratio of 35.39 and a beta of 1.05. Manhattan Associates, Inc. has a 1-year low of $126.00 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $264.69 million. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates announced that its Board of Directors has approved a share buyback plan on Thursday, March 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

MANH has been the subject of several research analyst reports. Stifel Nicolaus reduced their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a report on Thursday, January 15th. Finally, Barclays dropped their target price on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.36.

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.