Vestcor Inc Buys 4,351 Shares of Manhattan Associates, Inc. $MANH

Vestcor Inc grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 307.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,766 shares of the software maker’s stock after buying an additional 4,351 shares during the period. Vestcor Inc’s holdings in Manhattan Associates were worth $999,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Manhattan Associates by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock valued at $1,205,723,000 after buying an additional 136,708 shares in the last quarter. Alliancebernstein L.P. raised its position in Manhattan Associates by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after buying an additional 518,321 shares during the last quarter. AQR Capital Management LLC raised its position in Manhattan Associates by 7.7% in the 3rd quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock worth $425,771,000 after buying an additional 149,079 shares during the last quarter. Geode Capital Management LLC raised its position in Manhattan Associates by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after buying an additional 88,005 shares during the last quarter. Finally, Invesco Ltd. raised its position in Manhattan Associates by 4.1% in the 3rd quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock worth $183,101,000 after buying an additional 35,172 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Wall Street Zen cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Robert W. Baird raised their target price on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. DA Davidson restated a “buy” rating and issued a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Finally, Citigroup dropped their target price on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.45.

Manhattan Associates Stock Down 0.5%

Shares of NASDAQ:MANH opened at $146.88 on Tuesday. The firm’s 50 day moving average price is $137.41 and its 200-day moving average price is $151.60. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $247.22. The stock has a market capitalization of $8.69 billion, a PE ratio of 41.14 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping 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 firm had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. During the same quarter in the prior year, the business earned $1.19 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Analysts expect 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 authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were 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 in the company, valued at $8,468,488.75. This 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 link. 0.84% of the stock is 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.