Krilogy Financial LLC Cuts Stock Holdings in Manhattan Associates, Inc. $MANH

Krilogy Financial LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 63.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,853 shares of the software maker’s stock after selling 5,014 shares during the period. Krilogy Financial LLC’s holdings in Manhattan Associates were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after acquiring an additional 88,005 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Manhattan Associates during the 4th quarter worth $6,066,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Manhattan Associates by 30.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock valued at $32,505,000 after purchasing an additional 43,955 shares in the last quarter. John G Ullman & Associates Inc. acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at about $2,106,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Manhattan Associates by 771.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 63,117 shares of the software maker’s stock valued at $10,939,000 after purchasing an additional 55,877 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the business’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at $13,596,479.26. The trade was a 1.07% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

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

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $137.85 on Monday. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22. The business has a 50 day moving average price of $139.09 and a 200 day moving average price of $147.77. The company has a market capitalization of $8.16 billion, a P/E ratio of 38.61 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm had revenue of $282.21 million for the quarter, compared to analysts’ expectations of $273.70 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, research analysts expect that Manhattan Associates, Inc. will post 3.68 EPS for the current fiscal year.

Manhattan Associates declared that its Board of Directors has authorized a stock buyback 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.