Assenagon Asset Management S.A. Sells 12,976 Shares of Manhattan Associates, Inc. $MANH

Assenagon Asset Management S.A. lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 68.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,844 shares of the software maker’s stock after selling 12,976 shares during the period. Assenagon Asset Management S.A.’s holdings in Manhattan Associates were worth $1,013,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares in the last quarter. Eastern Bank acquired a new stake in shares of Manhattan Associates during the 3rd quarter worth $30,000. Quarry LP bought a new position in shares of Manhattan Associates in the third quarter worth $62,000. Measured Wealth Private Client Group LLC bought a new position in shares of Manhattan Associates in the third quarter worth $68,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in Manhattan Associates by 367.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 509 shares of the software maker’s stock valued at $104,000 after purchasing an additional 400 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MANH. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Stifel Nicolaus cut their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Morgan Stanley reduced their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Finally, William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.36.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $133.12 on Wednesday. The stock’s 50 day moving average is $144.25 and its 200 day moving average is $170.59. Manhattan Associates, Inc. has a one year low of $126.00 and a one year high of $247.22. The firm has a market cap of $7.97 billion, a P/E ratio of 36.98 and a beta of 1.05.

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

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

About Manhattan Associates

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.