Fieldview Capital Management LLC Decreases Stock Holdings in Manhattan Associates, Inc. $MANH

Fieldview Capital Management LLC trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 46.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,197 shares of the software maker’s stock after selling 6,989 shares during the quarter. Fieldview Capital Management LLC’s holdings in Manhattan Associates were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after buying an additional 5,128 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after buying an additional 41,571 shares during the period. Empowered Funds LLC purchased a new position in shares of Manhattan Associates in the first quarter worth $987,000. Focus Partners Wealth increased its stake in shares of Manhattan Associates by 181.4% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Manhattan Associates in the second quarter worth $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Manhattan Associates

In related news, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total value of $146,770.00. Following the sale, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction on Friday, April 24th. The shares were 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 in the company, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

MANH has been the topic of several analyst reports. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and issued a $200.00 target price on shares of Manhattan Associates in a research note on Wednesday, May 20th. Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Stifel Nicolaus set a $200.00 target price on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.45.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $142.92 on Monday. The stock has a market cap of $8.46 billion, a P/E ratio of 40.03 and a beta of 0.97. The firm’s fifty day simple moving average is $138.40 and its 200 day simple moving average is $150.85. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The business had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, analysts expect that Manhattan Associates, Inc. will post 3.68 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 buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.