5,643 Shares in Manhattan Associates, Inc. $MANH Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,643 shares of the software maker’s stock, valued at approximately $978,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Manhattan Associates by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after acquiring an additional 136,708 shares during the last quarter. Alliancebernstein L.P. lifted its position in Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after acquiring an additional 518,321 shares during the last quarter. AQR Capital Management LLC lifted its position in Manhattan Associates by 7.7% during the third quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock worth $425,771,000 after acquiring an additional 149,079 shares during the last quarter. Invesco Ltd. lifted its position in Manhattan Associates by 4.1% during the third quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock worth $183,101,000 after acquiring an additional 35,172 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Manhattan Associates by 0.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock worth $176,461,000 after acquiring an additional 5,961 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 3.3%

NASDAQ MANH opened at $143.18 on Friday. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22. The company has a 50 day moving average of $135.16 and a 200-day moving average of $152.75. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 40.11 and a beta of 0.95.

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 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 the consensus estimate of $273.71 million. During the same period in the previous year, the business earned $1.19 earnings per share. The firm’s quarterly revenue 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 forecast that Manhattan Associates, Inc. will post 3.75 earnings per share for the current year.

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

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. The trade was 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 link. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a research report on Wednesday, May 20th. Barclays raised their price objective on shares of Manhattan Associates from $236.00 to $239.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Finally, Citigroup cut their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Eight investment 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. Based on data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $202.91.

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.