Bank of New York Mellon Corp Sells 24,393 Shares of Manhattan Associates, Inc. $MANH

Bank of New York Mellon Corp trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,770 shares of the software maker’s stock after selling 24,393 shares during the period. Bank of New York Mellon Corp’s holdings in Manhattan Associates were worth $70,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. grew its holdings in Manhattan Associates by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC acquired a new position in Manhattan Associates during the first quarter valued at approximately $987,000. Focus Partners Wealth boosted its holdings 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 valued at $415,000 after buying an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $446,000. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MANH shares. Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a report on Thursday, April 16th. Robert W. Baird upped their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Citigroup reduced their price target on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. DA Davidson reiterated a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a report on Wednesday, May 20th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a report on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the company’s 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 sale, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.84% of the company’s stock.

Manhattan Associates Stock Down 0.2%

Shares of MANH stock opened at $146.54 on Wednesday. The company’s fifty day simple moving average is $137.79 and its 200-day simple moving average is $151.42. The firm has a market cap of $8.67 billion, a PE ratio of 41.05 and a beta of 0.97. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities analysts predict that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

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

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.