New York State Common Retirement Fund Reduces Holdings in Manhattan Associates, Inc. $MANH

New York State Common Retirement Fund decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 84.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,779 shares of the software maker’s stock after selling 192,898 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Manhattan Associates worth $7,129,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC bought a new position in Manhattan Associates in the 1st quarter worth approximately $987,000. Focus Partners Wealth grew its stake in Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after buying an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Manhattan Associates during the 2nd quarter valued at $446,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MANH. Raymond James Financial cut their price target on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Morgan Stanley dropped their price objective on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Barclays lowered their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Stifel Nicolaus cut their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Up 2.1%

Shares of MANH stock opened at $138.52 on Thursday. The business has a 50-day moving average price of $171.01 and a two-hundred day moving average price of $191.33. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22. 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 data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. The firm had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. 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 fiscal year.

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.