Horizon Investments LLC Reduces Stock Position in Manhattan Associates, Inc. $MANH

Horizon Investments LLC lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 81.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,031 shares of the software maker’s stock after selling 4,544 shares during the period. Horizon Investments LLC’s holdings in Manhattan Associates were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Eagle Bay Advisors LLC purchased a new stake in Manhattan Associates in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Eastern Bank purchased a new stake in Manhattan Associates in the third quarter worth approximately $30,000. V Square Quantitative Management LLC purchased a new stake in Manhattan Associates in the fourth quarter worth approximately $44,000. Finally, Quarry LP purchased a new stake in Manhattan Associates in the third quarter worth approximately $62,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MANH shares. Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Robert W. Baird raised their target price on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a research note on Thursday, April 16th. Citigroup dropped their price target on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Finally, Truist Financial set a $240.00 price target on shares of Manhattan Associates in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.91.

Insider Activity at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is owned by insiders.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $143.02 on Monday. The company’s fifty day simple moving average is $137.14 and its 200-day simple moving average is $158.05. The stock has a market capitalization of $8.46 billion, a PE ratio of 40.06 and a beta of 0.95. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The business had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.75 EPS for the current year.

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

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.