Premier Fund Managers Ltd Decreases Stake in Manhattan Associates, Inc. $MANH

Premier Fund Managers Ltd lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 29.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,348 shares of the software maker’s stock after selling 89,967 shares during the quarter. Manhattan Associates makes up approximately 1.8% of Premier Fund Managers Ltd’s portfolio, making the stock its 25th biggest position. Premier Fund Managers Ltd owned 0.35% of Manhattan Associates worth $43,885,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its position in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the period. Eastern Bank bought a new position in shares of Manhattan Associates during the third quarter valued at about $30,000. Hantz Financial Services Inc. raised its stake in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after purchasing an additional 244 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Manhattan Associates during the 2nd quarter valued at about $99,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 0.5%

MANH opened at $144.27 on Friday. The stock has a fifty day simple moving average of $162.99 and a two-hundred day simple moving average of $185.13. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 40.08 and a beta of 1.04. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The company had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. During the same period last year, the business earned $1.17 EPS. Manhattan Associates’s quarterly revenue was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Upgrades and Downgrades

MANH has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Morgan Stanley decreased their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Barclays cut their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Stifel Nicolaus reduced their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research report on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $218.75.

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.