Manhattan Associates, Inc. $MANH Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 96.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,899 shares of the software maker’s stock after selling 101,924 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Manhattan Associates were worth $676,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after purchasing an additional 88,005 shares during the period. MUFG Securities EMEA plc acquired a new position in Manhattan Associates during the 4th quarter worth approximately $6,066,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Manhattan Associates by 30.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after purchasing an additional 43,955 shares during the period. John G Ullman & Associates Inc. purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $2,106,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Manhattan Associates by 771.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 63,117 shares of the software maker’s stock worth $10,939,000 after buying an additional 55,877 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $151.04 on Friday. The company’s 50-day moving average price is $140.12 and its 200 day moving average price is $146.94. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 42.31 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last announced its 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 $282.21 million during the quarter, compared to analysts’ expectations of $273.70 million. During the same quarter in the previous year, the business posted $1.19 earnings per share. The firm’s quarterly revenue 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, research analysts expect that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction that occurred 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. The trade was a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were 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 approximately $8,468,488.75. The trade was a 10.72% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MANH. Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research report on Wednesday, May 20th. Robert W. Baird raised their target price on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research report on Thursday, April 16th. Finally, Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.45.

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.