Manhattan Associates, Inc. $MANH Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 51.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,406 shares of the software maker’s stock after selling 5,797 shares during the period. Federated Hermes Inc.’s holdings in Manhattan Associates were worth $1,108,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Phoenix Financial Ltd. acquired a new position in shares of Manhattan Associates in the third quarter valued at approximately $328,000. Compass Wealth Management LLC purchased a new stake in shares of Manhattan Associates during the 3rd quarter valued at $250,000. Vanguard Personalized Indexing Management LLC increased its stake in Manhattan Associates by 1.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,471 shares of the software maker’s stock worth $2,352,000 after acquiring an additional 217 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Manhattan Associates by 9.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 6,290 shares of the software maker’s stock worth $1,289,000 after purchasing an additional 522 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Manhattan Associates by 18.3% during the third quarter. CIBC Asset Management Inc now owns 2,284 shares of the software maker’s stock worth $468,000 after buying an additional 353 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $138.28 on Friday. The business’s fifty day moving average is $170.26 and its two-hundred day moving average is $190.97. The stock has a market capitalization of $8.33 billion, a P/E ratio of 38.41 and a beta of 1.04. Manhattan Associates, Inc. has a 1 year low of $127.86 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its 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. The business had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analysts Set New Price Targets

MANH has been the subject of several analyst reports. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Stifel Nicolaus reduced their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Morgan Stanley reduced their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Finally, Barclays lowered their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

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.