Bull Harbor Capital LLC Purchases New Shares in Manhattan Associates, Inc. $MANH

Bull Harbor Capital LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,611 shares of the software maker’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. boosted its position 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 buying an additional 41,571 shares during the period. Empowered Funds LLC bought 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% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates during the 2nd quarter worth approximately $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MANH. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stifel Nicolaus boosted their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley set a $180.00 price target on shares of Manhattan Associates in a research note on Wednesday. Robert W. Baird lifted their price objective on shares of Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.20.

Insider Activity at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction that occurred 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 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 represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

Manhattan Associates Trading Down 6.4%

Shares of Manhattan Associates stock opened at $190.97 on Friday. The stock’s fifty day moving average price is $149.42 and its 200-day moving average price is $145.16. The firm has a market cap of $11.30 billion, a P/E ratio of 54.72 and a beta of 0.97. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $227.43.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The company had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts forecast that Manhattan Associates, Inc. will post 3.77 earnings per share for the current year.

Manhattan Associates News Roundup

Here are the key news stories impacting Manhattan Associates this week:

• Positive Sentiment: Strong Q2 results: Manhattan Associates reported adjusted earnings of $1.39 per share versus the $1.32 consensus estimate, while revenue reached $297.8 million, ahead of the $289.0 million forecast and up 9.3% year over year. Cloud revenue grew 26%, supporting higher sales, profitability and remaining performance obligations. MANH Q2 Earnings Beat Estimates, Cloud Growth Fuels Revenues
• Positive Sentiment: Raised 2026 guidance: The company now expects full-year earnings of $5.44-$5.50 per share, above the $5.02 analyst consensus. Revenue guidance is approximately $1.2 billion, and management cited continued cloud adoption and AI momentum. Why Manhattan Associates Is Up After Raising 2026 Guidance
• Positive Sentiment: Product and analyst support: New Active Editions offerings, agent-based capabilities and the Sightline launch are viewed as potential longer-term growth drivers. Baird raised its price target to $218 and maintained an Outperform rating, while William Blair reiterated a Buy rating. Analyst Sees Durable Growth for Manhattan Associates
• Neutral Sentiment: Growth versus valuation: Analysts see durable cloud and AI expansion, but commentary emphasizes that investors may need patience for these initiatives to generate additional upside. Manhattan Associates: Editions, Agents, And The Case For Patience
• Negative Sentiment: Premium valuation and profit-taking: After the earnings-driven rally, investors are questioning whether the next phase of growth is already priced in. The stock’s high earnings multiple leaves less room for execution missteps or slower cloud adoption, encouraging consolidation despite the stronger outlook. Manhattan Associates: The Next Chapter Is Already Priced In

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.