Premier Fund Managers Ltd Sells 89,967 Shares of Manhattan Associates, Inc. $MANH

Premier Fund Managers Ltd reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 29.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,348 shares of the software maker’s stock after selling 89,967 shares during the period. Manhattan Associates makes up 1.8% of Premier Fund Managers Ltd’s portfolio, making the stock its 25th biggest position. Premier Fund Managers Ltd’s holdings in Manhattan Associates were worth $43,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Whipplewood Advisors LLC boosted its stake in Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after purchasing an additional 118 shares in the last quarter. Eastern Bank purchased a new position in Manhattan Associates in the third quarter worth about $30,000. Hantz Financial Services Inc. lifted its stake in shares of Manhattan Associates by 1,000.0% in the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after buying an additional 280 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after buying an additional 244 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Manhattan Associates during the second quarter valued at approximately $99,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MANH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Barclays dropped their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Morgan Stanley decreased their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Finally, DA Davidson dropped their price target 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. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Stock Performance

MANH stock opened at $144.27 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $127.86 and a fifty-two week high of $247.22. The business’s 50-day moving average is $162.99 and its two-hundred day moving average is $185.13. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 40.08 and a beta of 1.04.

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

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.