Manhattan Associates, Inc. $MANH Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,852 shares of the software maker’s stock after selling 4,058 shares during the quarter. Truist Financial Corp’s holdings in Manhattan Associates were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Capital Fund Management S.A. boosted its holdings in shares of Manhattan Associates by 45.4% in the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after acquiring an additional 39,699 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Manhattan Associates by 4.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock worth $29,435,000 after purchasing an additional 6,500 shares during the period. Abacus FCF Advisors LLC boosted its stake in Manhattan Associates by 33.0% during the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock valued at $9,116,000 after purchasing an additional 11,043 shares in the last quarter. Cerity Partners LLC boosted its stake in Manhattan Associates by 11.8% during the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock valued at $20,461,000 after purchasing an additional 10,526 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Manhattan Associates during the 2nd quarter valued at $3,339,000. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MANH shares. Truist Financial set a $240.00 target price on Manhattan Associates in a research note on Thursday, January 15th. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Raymond James Financial dropped their target price on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Stifel Nicolaus reduced their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Finally, Barclays decreased their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Price Performance

Shares of MANH stock opened at $138.52 on Thursday. Manhattan Associates, Inc. has a fifty-two week low of $127.86 and a fifty-two week high of $247.22. The stock’s 50-day moving average is $171.01 and its two-hundred day moving average is $191.33. The firm has a market cap of $8.35 billion, a P/E ratio of 38.48 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The business had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. During the same quarter in the previous year, the business posted $1.17 EPS. The firm’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. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.