Night Squared LP Makes New $753,000 Investment in Manhattan Associates, Inc. $MANH

Night Squared LP bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,345 shares of the software maker’s stock, valued at approximately $753,000.

A number of other hedge funds have also made changes to their positions in MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 acquiring an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 acquiring an additional 41,571 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Manhattan Associates during the first quarter valued at approximately $987,000. Focus Partners Wealth raised its holdings in shares of Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Manhattan Associates during the second quarter valued at approximately $446,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MANH shares. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a report on Wednesday, May 20th. Barclays reduced their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. DA Davidson reissued a “buy” rating and set a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Robert W. Baird increased their target price on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $199.45.

Insider Activity at Manhattan Associates

In related news, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 7,300 shares of the 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 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 position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by company insiders.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $139.40 on Wednesday. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $247.22. The stock has a market cap of $8.25 billion, a PE ratio of 39.05 and a beta of 0.97. The stock has a 50 day moving average price of $138.68 and a 200 day moving average price of $150.36.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 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 firm had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. During the same quarter last year, the firm earned $1.19 earnings per share. The business’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, 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 repurchase program 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 programs are typically a sign that the company’s board 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.