Entropy Technologies LP Makes New Investment in Manhattan Associates, Inc. $MANH

Entropy Technologies LP acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,999 shares of the software maker’s stock, valued at approximately $1,906,000.

A number of other institutional investors have also made changes to their positions in MANH. Epoch Investment Partners Inc. grew its holdings in Manhattan Associates by 70.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 522,382 shares of the software maker’s stock valued at $90,534,000 after purchasing an additional 215,574 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Manhattan Associates by 26.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 364,169 shares of the software maker’s stock valued at $63,114,000 after acquiring an additional 76,282 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Manhattan Associates by 33.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,287 shares of the software maker’s stock worth $396,000 after acquiring an additional 578 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Manhattan Associates in the fourth quarter worth about $1,479,000. Finally, Marshall Wace LLP lifted its stake in shares of Manhattan Associates by 277.3% in the fourth quarter. Marshall Wace LLP now owns 138,228 shares of the software maker’s stock worth $23,956,000 after acquiring an additional 101,589 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at $13,596,479.26. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $1,016,525.00. Following the completion of the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a research note on Wednesday, May 20th. Weiss Ratings lowered shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Finally, Citigroup reduced their price objective 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. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $199.45.

Manhattan Associates Stock Up 0.7%

Shares of NASDAQ MANH opened at $143.89 on Tuesday. The firm’s 50-day moving average price is $138.59 and its two-hundred day moving average price is $150.61. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $247.22. The stock has a market capitalization of $8.51 billion, a P/E ratio of 40.31 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The company had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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 expect that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

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