OP Asset Management Ltd Buys Shares of 36,430 Manhattan Associates, Inc. $MANH

OP Asset Management Ltd bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,430 shares of the software maker’s stock, valued at approximately $4,850,000.

A number of other institutional investors have also made changes to their positions in MANH. Caitong International Asset Management Co. Ltd raised its stake in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 112 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $27,000. BNP Paribas acquired a new stake in Manhattan Associates in the 4th quarter valued at approximately $39,000. TD Private Client Wealth LLC increased its holdings in Manhattan Associates by 83.8% in the 4th 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. Finally, Leonteq Securities AG purchased a new stake in Manhattan Associates in the fourth quarter valued at approximately $44,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 7.8%

Shares of NASDAQ:MANH opened at $137.85 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 moving average is $139.09 and its two-hundred day moving average is $147.97. The company has a market cap of $8.16 billion, a PE ratio of 38.61 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. The business had revenue of $282.21 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities research analysts expect that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

Manhattan Associates declared that its Board of Directors has approved a stock buyback plan on Thursday, March 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Manhattan Associates news, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at $13,596,479.26. The trade was a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was 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 of the company’s stock, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

MANH has been the topic of a number of research reports. Barclays decreased 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. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a report on Thursday, April 16th. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $199.45.

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.