AXQ Capital LP Makes New $702,000 Investment in Manhattan Associates, Inc. $MANH

AXQ Capital LP bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,049 shares of the software maker’s stock, valued at approximately $702,000.

A number of other large investors also recently modified their holdings of MANH. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. BNP Paribas bought a new position in shares of Manhattan Associates in the 4th quarter valued at $39,000. TD Private Client Wealth LLC lifted its stake in shares of Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after acquiring an additional 109 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates in the 4th quarter valued at $44,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Down 3.8%

NASDAQ MANH opened at $155.04 on Wednesday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 43.43 and a beta of 0.97. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $247.22. The stock has a fifty day simple moving average of $135.82 and a 200 day simple moving average of $152.46.

Manhattan Associates (NASDAQ:MANH) last posted 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. The business had revenue of $282.22 million during the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.Manhattan Associates’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Research analysts expect that Manhattan Associates, Inc. will post 3.75 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the sale, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research note on Thursday, April 16th. Weiss Ratings cut Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Citigroup dropped their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $199.45.

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.