Hixon Zuercher LLC Grows Stock Holdings in Manhattan Associates, Inc. $MANH

Hixon Zuercher LLC boosted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 50.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,958 shares of the software maker’s stock after buying an additional 6,713 shares during the period. Hixon Zuercher LLC’s holdings in Manhattan Associates were worth $2,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MANH. Norges Bank acquired a new position in Manhattan Associates in the fourth quarter valued at approximately $124,264,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Manhattan Associates by 35.2% in 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 purchasing an additional 671,589 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after acquiring an additional 518,321 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Manhattan Associates by 76.4% during the 3rd quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock worth $145,073,000 after purchasing an additional 306,516 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Manhattan Associates by 2,035.5% during the third quarter. Captrust Financial Advisors now owns 303,268 shares of the software maker’s stock worth $62,164,000 after buying an additional 289,067 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $130.18 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 capitalization of $7.70 billion, a price-to-earnings ratio of 36.46 and a beta of 0.97. The company has a 50-day simple moving average of $138.79 and a 200-day simple moving average of $148.74.

Manhattan Associates (NASDAQ:MANH) last released its quarterly 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 firm had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, research analysts forecast that Manhattan Associates, Inc. will post 3.68 EPS for the current fiscal year.

Manhattan Associates declared that its board has initiated a stock buyback program on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction 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 transaction, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. 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 on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MANH shares. Barclays cut their price target on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Robert W. Baird increased their target price on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Eight 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. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.45.

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.