Cambient Family Office LLC Invests $1.17 Million in Manhattan Associates, Inc. $MANH

Cambient Family Office LLC acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, Holdings Channel reports. The fund acquired 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 MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Manhattan Associates in the first quarter valued at $987,000. Focus Partners Wealth lifted its holdings in shares of Manhattan Associates by 181.4% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after buying an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in Manhattan Associates during the second quarter valued at about $446,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MANH shares. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Barclays reduced their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a report on Thursday, April 16th. Eight 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. Based on data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $199.45.

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 7,300 shares of the 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 completion of the sale, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction 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 sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.

Manhattan Associates Price Performance

MANH stock opened at $132.28 on Friday. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $247.22. The company’s 50 day simple moving average is $138.54 and its 200-day simple moving average is $149.73. 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 earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $282.21 million during the quarter, compared to the consensus estimate of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Sell-side analysts predict that Manhattan Associates, Inc. will post 3.68 EPS for the current fiscal year.

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