Captrust Financial Advisors Purchases 289,067 Shares of Manhattan Associates, Inc. $MANH

Captrust Financial Advisors raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2,035.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,268 shares of the software maker’s stock after buying an additional 289,067 shares during the quarter. Captrust Financial Advisors owned about 0.50% of Manhattan Associates worth $62,164,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Manhattan Associates by 3.3% during the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after acquiring an additional 59 shares during the last quarter. Archer Investment Corp increased its position 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 purchasing an additional 62 shares during the last quarter. Thrivent Financial for Lutherans raised its stake 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 purchasing an additional 67 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Manhattan Associates by 2.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock valued at $555,000 after purchasing an additional 69 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Manhattan Associates by 1.4% during the third quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

NASDAQ MANH opened at $138.22 on Thursday. The stock’s 50 day simple moving average is $151.40 and its 200-day simple moving average is $175.96. The company has a market cap of $8.27 billion, a PE ratio of 38.39 and a beta of 1.05. Manhattan Associates, Inc. has a 1-year low of $127.86 and a 1-year high of $247.22.

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 the consensus estimate of $1.11 by $0.10. The company had revenue of $270.39 million during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates declared that its Board of Directors has approved a share repurchase program on Thursday, March 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have commented on MANH shares. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research note on Thursday, January 15th. Morgan Stanley lowered their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, DA Davidson reduced their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.36.

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.