HB Wealth Management LLC Increases Stake in Manhattan Associates, Inc. $MANH

HB Wealth Management LLC lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 62.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,996 shares of the software maker’s stock after buying an additional 4,244 shares during the quarter. HB Wealth Management LLC’s holdings in Manhattan Associates were worth $1,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MANH. Vanguard Group Inc. raised its position in shares of Manhattan Associates by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock valued at $1,205,723,000 after purchasing an additional 136,708 shares during the period. Alliancebernstein L.P. increased its stake in Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after buying an additional 518,321 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after acquiring an additional 671,589 shares during the period. AQR Capital Management LLC lifted its position in shares of Manhattan Associates by 6.9% in the fourth quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock valued at $384,668,000 after acquiring an additional 142,407 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Manhattan Associates by 2.5% in the fourth quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock worth $377,543,000 after acquiring an additional 53,037 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird boosted their price target on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and issued a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays decreased their price target on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Manhattan Associates Trading Up 2.8%

MANH opened at $158.17 on Wednesday. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22. The stock has a 50-day moving average of $140.75 and a 200 day moving average of $146.50. The firm has a market cap of $9.36 billion, a P/E ratio of 44.31 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business had revenue of $282.21 million during the quarter, compared to analyst estimates of $273.70 million. During the same period last year, the company earned $1.19 EPS. The company’s revenue for the quarter 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, research analysts forecast that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $1,016,525.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’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 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 disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

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.