First National Advisers LLC Cuts Stake in Manhattan Associates, Inc. $MANH

First National Advisers LLC lowered its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 87.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,198 shares of the software maker’s stock after selling 15,969 shares during the period. First National Advisers LLC’s holdings in Manhattan Associates were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Eagle Bay Advisors LLC purchased a new position in shares of Manhattan Associates in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its position 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 worth $28,000 after buying an additional 112 shares during the last quarter. Eastern Bank purchased a new stake in Manhattan Associates in the third quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new stake in Manhattan Associates in the fourth quarter valued at about $44,000. Finally, Quarry LP purchased a new stake in Manhattan Associates in the third quarter valued at about $62,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In other news, 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 sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by insiders.

Manhattan Associates Trading Down 2.1%

MANH opened at $134.84 on Wednesday. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22. The firm has a market capitalization of $7.98 billion, a PE ratio of 37.77 and a beta of 0.95. The firm has a 50 day moving average of $137.25 and a two-hundred day moving average of $156.75.

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 analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. During the same period last year, the firm posted $1.19 EPS. Manhattan Associates’s revenue for the quarter was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, analysts predict that Manhattan Associates, Inc. will post 3.75 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on MANH shares. DA Davidson decreased their price target on Manhattan Associates from $240.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Stifel Nicolaus decreased their price target on Manhattan Associates from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Citigroup decreased their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.91.

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.