Dynamic Technology Lab Private Ltd Acquires Shares of 4,918 Manhattan Associates, Inc. $MANH

Dynamic Technology Lab Private Ltd bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,918 shares of the software maker’s stock, valued at approximately $1,008,000.

A number of other large investors have also made changes to their positions in the stock. Midwest Professional Planners LTD. lifted its position in Manhattan Associates by 1.9% during the second quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock worth $563,000 after buying an additional 53 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Manhattan Associates by 3.3% during the second 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 grew its holdings in Manhattan Associates by 8.6% in the 3rd quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after buying an additional 62 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Manhattan Associates by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after acquiring an additional 67 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Manhattan Associates by 1.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock worth $1,152,000 after acquiring an additional 76 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 3.7%

Shares of MANH opened at $152.45 on Monday. The company’s 50-day moving average price is $156.08 and its 200 day moving average price is $179.81. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22. The firm has a market cap of $9.12 billion, a P/E ratio of 42.35 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last announced its 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 company had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. 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. Equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Manhattan Associates announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MANH shares. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research report on Thursday. Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research note on Thursday, January 15th. DA Davidson decreased 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. Stifel Nicolaus dropped 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, Barclays cut their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.75.

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.