Manhattan Associates, Inc. $MANH Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 15.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 502,678 shares of the software maker’s stock after purchasing an additional 67,879 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Manhattan Associates were worth $66,916,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after acquiring an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after acquiring an additional 41,571 shares in the last quarter. Empowered Funds LLC bought a new stake in Manhattan Associates during the first quarter valued at $987,000. Focus Partners Wealth grew its position in shares of Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after buying an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth approximately $446,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

MANH stock opened at $151.04 on Friday. The firm’s 50-day moving average is $140.12 and its two-hundred day moving average is $146.94. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 42.31 and a beta of 0.97. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business had revenue of $282.21 million during the quarter, compared to analysts’ expectations of $273.70 million. During the same period last year, the firm posted $1.19 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities research analysts predict that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction 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 transaction, the chief executive officer owned 92,638 shares in the company, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MANH shares. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research report on Thursday, April 16th. Barclays dropped their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Finally, DA Davidson restated a “buy” rating and set a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.