AlphaCentric Advisors LLC Invests $466,000 in Manhattan Associates, Inc. $MANH

AlphaCentric Advisors LLC acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,500 shares of the software maker’s stock, valued at approximately $466,000.

A number of other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after purchasing an additional 41,571 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Manhattan Associates during the first quarter worth about $987,000. Focus Partners Wealth lifted its holdings in shares of Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after purchasing an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Manhattan Associates in the second quarter valued at approximately $446,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $163.19 on Monday. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22. The stock’s 50 day simple moving average is $143.56 and its two-hundred day simple moving average is $145.52. The firm has a market cap of $9.66 billion, a PE ratio of 45.71 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm had revenue of $282.21 million during the quarter, compared to analyst estimates of $273.70 million. During the same period in the previous year, the firm earned $1.19 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities research analysts forecast that Manhattan Associates, Inc. will post 3.72 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on MANH. Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a report on Thursday, April 16th. Robert W. Baird lifted their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a report on Wednesday, May 20th. Citigroup cut their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Insider Activity

In related news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the transaction, the chief executive officer owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is owned by insiders.

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.