22,919 Shares in Manhattan Associates, Inc. $MANH Purchased by First National Bank of Omaha

First National Bank of Omaha acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 22,919 shares of the software maker’s stock, valued at approximately $4,698,000.

Several other institutional investors have also added to or reduced their stakes in MANH. Vanguard Group Inc. grew its stake in shares of Manhattan Associates by 1.6% during the third quarter. Vanguard Group Inc. now owns 6,820,320 shares of the software maker’s stock valued at $1,398,029,000 after buying an additional 108,426 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Manhattan Associates by 1.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,283,580 shares of the software maker’s stock valued at $450,939,000 after acquiring an additional 34,205 shares during the period. AQR Capital Management LLC boosted its holdings in Manhattan Associates by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after acquiring an additional 1,243,390 shares during the period. Norges Bank bought a new position in Manhattan Associates in the 2nd quarter valued at $162,545,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Manhattan Associates by 86.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after purchasing an additional 312,858 shares during the period. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price 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. Raymond James Financial decreased their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research note on Thursday, January 15th. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Finally, Barclays lowered their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $141.63 on Wednesday. The firm has a 50-day simple moving average of $164.81 and a 200-day simple moving average of $186.46. Manhattan Associates, Inc. has a one year low of $127.86 and a one year high of $247.22. The firm has a market cap of $8.48 billion, a P/E ratio of 39.34 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last issued 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 for 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 period last year, the company posted $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

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.