Kornitzer Capital Management Inc. KS Has $3.10 Million Stock Holdings in Manhattan Associates, Inc. $MANH

Kornitzer Capital Management Inc. KS decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 39.2% during the first quarter, HoldingsChannel reports. The firm owned 23,260 shares of the software maker’s stock after selling 15,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Manhattan Associates were worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares during the period. Eagle Bay Advisors LLC bought a new position in Manhattan Associates in the 4th quarter worth $27,000. BNP Paribas bought a new position in Manhattan Associates in the 4th quarter worth $39,000. TD Private Client Wealth LLC lifted its position in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after acquiring an additional 109 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Manhattan Associates during the 4th quarter worth $44,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MANH has been the topic of several research analyst reports. Stifel Nicolaus set a $200.00 price target on Manhattan Associates in a research report on Wednesday, May 20th. Robert W. Baird boosted their price objective on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays decreased their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Insider Activity at Manhattan Associates

In other 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 transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction that occurred on 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 owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.84% of the company’s stock.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock traded down $1.73 during trading on Friday, hitting $154.90. 483,897 shares of the company’s stock traded hands, compared to its average volume of 630,416. The company has a market cap of $9.17 billion, a PE ratio of 43.39 and a beta of 0.97. The firm’s fifty day moving average price is $141.63 and its 200 day moving average price is $146.27. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results 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 firm had revenue of $282.21 million during the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.72 earnings per share for the current year.

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.