JPMorgan Chase & Co. Sells 21,487 Shares of Manhattan Associates, Inc. $MANH

JPMorgan Chase & Co. reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,062 shares of the software maker’s stock after selling 21,487 shares during the period. JPMorgan Chase & Co. owned 0.42% of Manhattan Associates worth $52,078,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MANH. AQR Capital Management LLC grew its position in shares of 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 worth $380,733,000 after buying an additional 1,243,390 shares during the period. Norges Bank bought a new stake in Manhattan Associates in the second quarter valued at approximately $162,545,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Manhattan Associates by 88.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after purchasing an additional 314,112 shares during the period. Massachusetts Financial Services Co. MA raised its holdings 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. Finally, Qube Research & Technologies Ltd bought a new position in shares of Manhattan Associates during the second quarter worth $49,204,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $135.30 on Thursday. The firm’s 50-day simple moving average is $160.53 and its 200 day simple moving average is $183.49. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 37.58 and a beta of 1.04.

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 analysts’ consensus estimates of $1.11 by $0.10. The business had revenue of $270.39 million for 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%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on MANH. Stifel Nicolaus dropped their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Barclays lowered their target price on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Truist Financial set a $240.00 price target on shares of Manhattan Associates in a research note on Thursday, January 15th. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.