Legal & General Group Plc Sells 3,333 Shares of Manhattan Associates, Inc. $MANH

Legal & General Group Plc reduced its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,986 shares of the software maker’s stock after selling 3,333 shares during the quarter. Legal & General Group Plc owned approximately 0.27% of Manhattan Associates worth $28,420,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of Manhattan Associates by 43.9% in the 4th quarter. Hantz Financial Services Inc. now owns 915 shares of the software maker’s stock valued at $159,000 after purchasing an additional 279 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Manhattan Associates in the 4th quarter valued at $978,000. MQS Management LLC bought a new stake in shares of Manhattan Associates in the 4th quarter valued at $267,000. Leonteq Securities AG bought a new stake in shares of Manhattan Associates in the 4th quarter valued at $44,000. Finally, ABN Amro Investment Solutions boosted its stake in shares of Manhattan Associates by 38.2% in the 4th quarter. ABN Amro Investment Solutions now owns 31,895 shares of the software maker’s stock valued at $5,528,000 after purchasing an additional 8,815 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. DA Davidson reissued a “buy” rating and set a $200.00 target price on shares of Manhattan Associates in a research note on Wednesday, May 20th. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. Finally, Barclays cut their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Manhattan Associates Trading Up 4.8%

Manhattan Associates stock opened at $150.05 on Friday. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 42.03 and a beta of 0.95. The firm’s fifty day moving average price is $135.40 and its two-hundred day moving average price is $152.73.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. During the same period last year, the firm earned $1.19 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, research analysts forecast that Manhattan Associates, Inc. will post 3.75 EPS for the current year.

Manhattan Associates declared that its board has authorized a share repurchase plan on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.

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.