Citigroup Inc. Sells 17,103 Shares of Manhattan Associates, Inc. $MANH

Citigroup Inc. decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 43.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,189 shares of the software maker’s stock after selling 17,103 shares during the period. Citigroup Inc.’s holdings in Manhattan Associates were worth $4,548,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MANH. Midwest Professional Planners LTD. boosted its position in Manhattan Associates by 1.9% in the second quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock worth $563,000 after purchasing an additional 53 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after buying an additional 59 shares during the last quarter. Archer Investment Corp grew its position in Manhattan Associates by 8.6% during the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after buying an additional 62 shares during the period. Thrivent Financial for Lutherans raised its position in Manhattan Associates by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after acquiring an additional 67 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Manhattan Associates by 1.4% in the third quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after acquiring an additional 76 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Down 3.2%

MANH stock opened at $143.54 on Thursday. The stock has a 50-day simple moving average of $157.11 and a two-hundred day simple moving average of $180.97. Manhattan Associates, Inc. has a twelve month low of $127.86 and a twelve month high of $247.22. The firm has a market capitalization of $8.59 billion, a PE ratio of 39.87 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. During the same quarter in the prior year, the firm posted $1.17 EPS. Manhattan Associates’s revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of research reports. DA Davidson lowered their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Stifel Nicolaus lowered their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price target for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Barclays decreased their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

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.