Envestnet Asset Management Inc. Sells 9,509 Shares of Manhattan Associates, Inc. $MANH

Envestnet Asset Management Inc. trimmed its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,101 shares of the software maker’s stock after selling 9,509 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.15% of Manhattan Associates worth $19,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Fund Management S.A. grew its holdings in Manhattan Associates by 45.4% during the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock worth $25,090,000 after purchasing an additional 39,699 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of 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 valued at $29,435,000 after buying an additional 6,500 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Manhattan Associates by 33.8% in the third quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock valued at $11,360,000 after buying an additional 14,013 shares during the last quarter. Abacus FCF Advisors LLC boosted its stake in shares of Manhattan Associates by 33.0% during the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock worth $9,116,000 after acquiring an additional 11,043 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of Manhattan Associates by 11.8% during the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock worth $20,461,000 after acquiring an additional 10,526 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MANH. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Barclays reduced their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Morgan Stanley lowered 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 report on Monday, January 5th. Raymond James Financial reduced their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus decreased their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Trading Up 2.2%

Shares of MANH opened at $140.45 on Friday. Manhattan Associates, Inc. has a 12 month low of $127.86 and a 12 month high of $247.22. The firm’s 50 day moving average is $166.19 and its 200-day moving average is $187.81. The stock has a market capitalization of $8.41 billion, a PE ratio of 39.01 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $264.69 million. During the same quarter in the prior year, the business posted $1.17 earnings per share. 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. Equities research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

About Manhattan Associates

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.