Skandinaviska Enskilda Banken AB publ Sells 120,527 Shares of Manhattan Associates, Inc. $MANH

Skandinaviska Enskilda Banken AB publ lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 60.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,829 shares of the software maker’s stock after selling 120,527 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.13% of Manhattan Associates worth $16,355,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Midwest Professional Planners LTD. boosted its holdings in shares of Manhattan Associates by 1.9% in the 2nd 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 in the last quarter. NewEdge Advisors LLC lifted its position in 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 boosted its stake in Manhattan Associates by 8.6% in the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock worth $161,000 after buying an additional 62 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Manhattan Associates by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock valued at $2,944,000 after acquiring an additional 67 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Manhattan Associates by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock worth $846,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $141.63 on Wednesday. The stock has a market cap of $8.48 billion, a P/E ratio of 39.34 and a beta of 1.04. Manhattan Associates, Inc. has a fifty-two week low of $127.86 and a fifty-two week high of $247.22. The stock has a 50 day simple moving average of $164.81 and a two-hundred day simple moving average of $186.46.

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

Analysts Set New Price Targets

Several equities analysts recently commented on MANH shares. DA Davidson reduced their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Raymond James Financial decreased their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Barclays dropped their target price 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, Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $208.00 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.75.

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.