Legal & General Group Plc Lowers Stock Position in Manhattan Associates, Inc. $MANH

Legal & General Group Plc lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 163,986 shares of the software maker’s stock after selling 3,333 shares during the period. Legal & General Group Plc’s holdings in Manhattan Associates were worth $28,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Manhattan Associates in the fourth quarter valued at about $27,000. TD Private Client Wealth LLC raised its holdings in shares of Manhattan Associates by 83.8% in the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after purchasing an additional 109 shares during the last quarter. Leonteq Securities AG purchased a new stake in Manhattan Associates during the fourth quarter worth about $44,000. Finally, V Square Quantitative Management LLC purchased a new stake in Manhattan Associates during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MANH. Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Barclays decreased their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday. DA Davidson restated a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a report on Wednesday, May 20th. Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Citigroup cut their target price 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. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.45.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $150.05 on Friday. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22. The firm has a market cap of $8.88 billion, a PE ratio of 42.03 and a beta of 0.95. The company has a 50 day simple moving average of $135.40 and a two-hundred day simple moving average of $152.73.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results 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 net margin of 19.68% and a return on equity of 78.13%. The business had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. During the same period in the previous year, the business posted $1.19 earnings per share. Manhattan Associates’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. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.75 earnings per share for the current year.

Manhattan Associates announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is 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.