New Age Alpha Advisors LLC Sells 4,860 Shares of Manhattan Associates, Inc. $MANH

New Age Alpha Advisors LLC cut its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,378 shares of the software maker’s stock after selling 4,860 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Manhattan Associates were worth $1,452,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC bought a new position in shares of Manhattan Associates in the first quarter valued at about $987,000. Focus Partners Wealth raised its position in shares of Manhattan Associates by 181.4% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Manhattan Associates in the second quarter valued at about $446,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MANH has been the topic of several research analyst reports. Robert W. Baird increased their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Weiss Ratings lowered shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $202.91.

Manhattan Associates Stock Performance

MANH stock opened at $138.55 on Thursday. The company’s 50-day simple moving average is $135.11 and its 200 day simple moving average is $152.99. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22. The company has a market capitalization of $8.20 billion, a PE ratio of 38.81 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. During the same period in the prior year, the company posted $1.19 earnings per share. Manhattan Associates’s revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, analysts forecast that Manhattan Associates, Inc. will post 3.75 EPS for the current year.

Manhattan Associates announced that its Board of Directors has initiated 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, the executive vice president directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.84% of the company’s stock.

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.