SG Americas Securities LLC Acquires 45,399 Shares of Manhattan Associates, Inc. $MANH

SG Americas Securities LLC boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 435.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,821 shares of the software maker’s stock after buying an additional 45,399 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Manhattan Associates worth $9,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Manhattan Associates by 4.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock worth $29,435,000 after purchasing an additional 6,500 shares in the last quarter. Allianz Asset Management GmbH raised its stake 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 worth $11,360,000 after purchasing an additional 14,013 shares during the last quarter. Abacus FCF Advisors LLC lifted its holdings in shares of Manhattan Associates by 33.0% in the third quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock valued at $9,116,000 after purchasing an additional 11,043 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Manhattan Associates by 11.8% in the third quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock valued at $20,461,000 after purchasing an additional 10,526 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Manhattan Associates during the second quarter valued at approximately $3,339,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Stifel Nicolaus cut their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. DA Davidson dropped their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Eight investment 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.com, Manhattan Associates has an average rating of “Moderate Buy” and an average price target of $220.36.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $127.40 on Monday. The business’s fifty day simple moving average is $145.76 and its 200 day simple moving average is $171.80. Manhattan Associates, Inc. has a 12 month low of $126.00 and a 12 month high of $247.22. The firm has a market capitalization of $7.62 billion, a P/E ratio of 35.39 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 75.61% and a net margin of 20.34%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates announced that its Board of Directors has approved a stock repurchase program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.