PFA Pension Forsikringsaktieselskab Takes Position in Manhattan Associates, Inc. $MANH

PFA Pension Forsikringsaktieselskab purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,323 shares of the software maker’s stock, valued at approximately $4,775,000.

Other hedge funds have also recently made changes to their positions in the company. 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 bought a new stake in Manhattan Associates in the 3rd quarter worth approximately $30,000. Eagle Bay Advisors LLC purchased a new stake in Manhattan Associates during the 4th quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates during the 4th quarter valued at $44,000. Finally, Quarry LP bought a new position in shares of Manhattan Associates during the 3rd quarter valued at $62,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on MANH. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. DA Davidson cut their price target on Manhattan Associates from $240.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Barclays upped their price target on shares of Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of Manhattan Associates from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $202.91.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $140.77 on Tuesday. The business’s fifty day moving average is $136.84 and its 200 day moving average is $159.22. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $247.22. The company has a market capitalization of $8.33 billion, a PE ratio of 39.43 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.75 EPS for the current year.

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

Insider Activity

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 currently owned by company insiders.

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.