BLI Banque de Luxembourg Investments Buys 5,000 Shares of Manhattan Associates, Inc. $MANH

BLI Banque de Luxembourg Investments raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 7.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 74,100 shares of the software maker’s stock after purchasing an additional 5,000 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Manhattan Associates were worth $12,950,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Manhattan Associates by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after purchasing an additional 136,708 shares during the period. Alliancebernstein L.P. increased its stake in Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares during the period. AQR Capital Management LLC increased its stake in Manhattan Associates by 7.7% in the third quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock worth $425,771,000 after purchasing an additional 149,079 shares during the period. Geode Capital Management LLC increased its stake in Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after purchasing an additional 88,005 shares during the period. Finally, Invesco Ltd. increased its stake in Manhattan Associates by 4.1% in the third quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock worth $183,101,000 after purchasing an additional 35,172 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Down 0.5%

MANH stock opened at $146.88 on Tuesday. The firm has a 50 day moving average of $137.41 and a 200 day moving average of $151.60. The stock has a market capitalization of $8.69 billion, a PE ratio of 41.14 and a beta of 0.97. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping 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 company had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. During the same period last year, the business earned $1.19 EPS. Manhattan Associates’s revenue for the quarter was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Manhattan Associates announced that its board has approved a share buyback program on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Manhattan Associates

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on MANH. Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Barclays dropped their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research report on Thursday, April 16th. Citigroup dropped their price objective on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.45.

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.