MUFG Securities EMEA plc Invests $6.07 Million in Manhattan Associates, Inc. $MANH

MUFG Securities EMEA plc acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 35,000 shares of the software maker’s stock, valued at approximately $6,066,000.

Several other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in shares of Manhattan Associates by 325.6% in the fourth quarter. BNP Paribas Financial Markets now owns 68,698 shares of the software maker’s stock worth $11,906,000 after buying an additional 52,556 shares during the period. Norges Bank bought a new position in shares of Manhattan Associates in the fourth quarter worth about $124,264,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Manhattan Associates in the fourth quarter worth about $419,000. Fideuram Asset Management Ireland dac bought a new position in shares of Manhattan Associates in the fourth quarter worth about $312,000. Finally, Intech Investment Management LLC raised its stake in shares of Manhattan Associates by 0.9% in the fourth quarter. Intech Investment Management LLC now owns 45,837 shares of the software maker’s stock worth $7,944,000 after buying an additional 427 shares during the period. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MANH. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Robert W. Baird raised their price objective on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. DA Davidson reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Barclays decreased their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.45.

Manhattan Associates Stock Performance

Shares of MANH opened at $150.05 on Monday. The business’s 50 day moving average is $135.40 and its 200 day moving average is $152.56. The company has a market capitalization of $8.88 billion, a PE ratio of 42.03 and a beta of 0.97. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results 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. The company had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Equities research analysts predict that Manhattan Associates, Inc. will post 3.75 earnings per share for the current year.

Manhattan Associates declared that its board has authorized a stock repurchase plan on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to buy 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 stock is undervalued.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates 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 sale, the executive vice president 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.84% of the company’s stock.

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.