Alliancebernstein L.P. Has $574.33 Million Stock Position in Manhattan Associates, Inc. $MANH

Alliancebernstein L.P. raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 22.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,801,901 shares of the software maker’s stock after purchasing an additional 518,321 shares during the period. Alliancebernstein L.P. owned 4.65% of Manhattan Associates worth $574,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MANH. AQR Capital Management LLC grew its position in shares of Manhattan Associates by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after buying an additional 1,243,390 shares during the period. Norges Bank acquired a new position in Manhattan Associates in the second quarter valued at approximately $162,545,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Manhattan Associates by 88.8% in 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 boosted its stake in Manhattan Associates by 86.1% in 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 acquiring an additional 312,858 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Manhattan Associates by 76.4% in the third quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock valued at $145,073,000 after acquiring an additional 306,516 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MANH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. DA Davidson reduced their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Truist Financial set a $240.00 price objective on Manhattan Associates in a report on Thursday, January 15th. Finally, Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $220.45.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $140.78 on Friday. The company has a 50 day moving average price of $153.17 and a two-hundred day moving average price of $177.59. The company has a market capitalization of $8.43 billion, a PE ratio of 39.11 and a beta of 1.05. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly 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 company had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. During the same period last year, the firm posted $1.17 earnings per share. The business’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. On average, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Manhattan Associates declared that its board has initiated a share repurchase plan on Thursday, March 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.