2Xideas AG Purchases Shares of 18,677 Manhattan Associates, Inc. $MANH

2Xideas AG purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,677 shares of the software maker’s stock, valued at approximately $3,828,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MANH. AQR Capital Management LLC raised its position in Manhattan Associates by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after purchasing an additional 1,243,390 shares during the period. Norges Bank purchased a new position in shares of Manhattan Associates during the second quarter valued at approximately $162,545,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Manhattan Associates by 88.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock valued at $136,871,000 after buying an additional 314,112 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Manhattan Associates by 86.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock valued at $138,573,000 after buying an additional 312,858 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Manhattan Associates in the second quarter worth approximately $49,204,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MANH. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. 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 note on Monday, January 5th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Stifel Nicolaus decreased their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Finally, DA Davidson lowered their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.45.

Manhattan Associates Stock Up 0.3%

Shares of NASDAQ MANH opened at $140.78 on Friday. The company’s 50-day simple moving average is $153.17 and its 200-day simple moving average is $177.84. Manhattan Associates, Inc. has a 52-week low of $127.86 and a 52-week high of $247.22. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 39.11 and a beta of 1.05.

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

Manhattan Associates announced that its board has initiated a share buyback program on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.