UBS Group AG Cuts Position in Manhattan Associates, Inc. $MANH

UBS Group AG decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,931 shares of the software maker’s stock after selling 125,557 shares during the quarter. UBS Group AG’s holdings in Manhattan Associates were worth $35,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Manhattan Associates by 3.3% in the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares during the period. Archer Investment Corp raised its position in Manhattan Associates by 8.6% in the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after purchasing an additional 62 shares during the period. Thrivent Financial for Lutherans raised its position in Manhattan Associates by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock valued at $2,944,000 after purchasing an additional 67 shares during the period. Tower Research Capital LLC TRC raised its position in Manhattan Associates by 2.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock valued at $555,000 after purchasing an additional 69 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Manhattan Associates by 1.4% in the third quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MANH. Citigroup cut their price objective 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. Truist Financial set a $240.00 price objective on Manhattan Associates in a research report on Thursday, January 15th. Stifel Nicolaus cut their price objective on Manhattan Associates from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings lowered Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $202.91.

Manhattan Associates Trading Down 0.4%

Manhattan Associates stock opened at $143.02 on Friday. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $247.22. The stock’s fifty day simple moving average is $137.14 and its 200-day simple moving average is $158.05. The firm has a market capitalization of $8.46 billion, a P/E ratio of 40.06 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last posted its 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. The firm had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.Manhattan Associates’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Sell-side analysts predict that Manhattan Associates, Inc. will post 3.75 earnings per share for the current year.

Manhattan Associates declared that its board has approved a stock repurchase 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 buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, the executive vice president owned 60,815 shares of the company’s stock, valued at $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 is available through this hyperlink. 0.84% of the stock is owned by company insiders.

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.