Manhattan Associates, Inc. $MANH Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 325.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,698 shares of the software maker’s stock after acquiring an additional 52,556 shares during the period. BNP Paribas Financial Markets’ holdings in Manhattan Associates were worth $11,906,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Manhattan Associates in the 4th quarter valued at $124,264,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Manhattan Associates in the 4th quarter valued at about $419,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Manhattan Associates in the 4th quarter valued at about $312,000. Intech Investment Management LLC boosted its position in shares of Manhattan Associates by 0.9% in the 4th quarter. Intech Investment Management LLC now owns 45,837 shares of the software maker’s stock valued at $7,944,000 after purchasing an additional 427 shares during the period. Finally, Geode Capital Management LLC grew its stake in Manhattan Associates by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after buying an additional 88,005 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $147.64 on Monday. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 41.36 and a beta of 0.97. The firm’s fifty day moving average price is $137.11 and its 200 day moving average price is $151.78. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data 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 the consensus estimate of $273.71 million. During the same quarter in the prior year, the firm earned $1.19 EPS. Manhattan Associates’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. As a group, analysts expect that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

Manhattan Associates announced that its board has approved a stock 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 repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on MANH. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. Weiss Ratings lowered shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. 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 report on Wednesday, April 22nd. Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $199.45.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 60,815 shares of the company’s stock, 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 link. 0.84% of the stock is owned by corporate insiders.

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.