Cambient Family Office LLC Makes New Investment in Manhattan Associates, Inc. $MANH

Cambient Family Office LLC bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,759 shares of the software maker’s stock, valued at approximately $1,171,000.

A number of other hedge funds have also made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. BNP Paribas acquired a new position in Manhattan Associates during the 4th quarter worth $39,000. TD Private Client Wealth LLC grew its holdings in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after acquiring an additional 109 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Manhattan Associates in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. Stifel Nicolaus set a $200.00 price target on Manhattan Associates in a research note on Wednesday, May 20th. Barclays lowered their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. 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 company’s stock. According to MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $199.45.

Manhattan Associates Trading Up 0.1%

Shares of NASDAQ:MANH opened at $132.28 on Friday. The firm’s 50 day moving average is $138.54 and its two-hundred day moving average is $149.73. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22. The firm has a market capitalization of $7.83 billion, a P/E ratio of 37.05 and a beta of 0.97.

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. The company had revenue of $282.21 million for the quarter, compared to analysts’ expectations of $273.70 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’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 company posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Analysts predict that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

Manhattan Associates declared that its Board of Directors has initiated a share buyback plan on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer owned 92,638 shares of the company’s stock, valued at $13,596,479.26. This trade represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by insiders.

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.