Manhattan Associates (NASDAQ:MANH) Shares Gap Up – Here’s Why

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $128.77, but opened at $132.27. Manhattan Associates shares last traded at $131.1650, with a volume of 22,127 shares.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of analyst reports. Robert W. Baird increased their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research report on Wednesday, May 20th. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Barclays dropped their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Citigroup cut their target price on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Eight 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.45.

Manhattan Associates Stock Performance

The company’s fifty day moving average price is $138.60 and its 200-day moving average price is $149.08. The stock has a market cap of $7.86 billion, a P/E ratio of 37.24 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly 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. 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 for the quarter, compared to the consensus estimate of $273.70 million. During the same period in the prior year, the firm posted $1.19 EPS. The firm’s 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. Analysts anticipate that Manhattan Associates, Inc. will post 3.68 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the sale, the chief executive officer owned 92,638 shares in the company, valued at approximately $13,596,479.26. The trade was 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.

Institutional Trading of Manhattan Associates

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $124,264,000. T. Rowe Price Investment Management Inc. increased its stake in Manhattan Associates by 35.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after buying an additional 671,589 shares during the period. Alliancebernstein L.P. lifted its holdings in Manhattan Associates by 22.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after buying an additional 518,321 shares in the last quarter. Amundi lifted its holdings in Manhattan Associates by 479.4% during the 1st quarter. Amundi now owns 454,095 shares of the software maker’s stock valued at $60,449,000 after buying an additional 375,719 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Manhattan Associates by 76.4% in the 3rd quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock valued at $145,073,000 after buying an additional 306,516 shares during the period. 98.45% of the stock is currently owned by institutional investors.

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.