Jefferies Financial Group Inc. Acquires New Position in Manhattan Associates, Inc. $MANH

Jefferies Financial Group Inc. acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, Holdings Channel.com reports. The fund acquired 5,643 shares of the software maker’s stock, valued at approximately $978,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Manhattan Associates by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock valued at $1,205,723,000 after acquiring an additional 136,708 shares during the last quarter. Alliancebernstein L.P. increased its stake in Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after acquiring an additional 518,321 shares during the last quarter. AQR Capital Management LLC increased its stake in Manhattan Associates by 7.7% in the third quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock valued at $425,771,000 after acquiring an additional 149,079 shares during the last quarter. Invesco Ltd. increased its stake in Manhattan Associates by 4.1% in the third quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock valued at $183,101,000 after acquiring an additional 35,172 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Manhattan Associates by 0.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock valued at $176,461,000 after acquiring an additional 5,961 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $143.18 on Friday. The firm’s fifty day moving average price is $135.16 and its two-hundred day moving average price is $152.75. The stock has a market cap of $8.47 billion, a PE ratio of 40.11 and a beta of 0.95. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.75 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MANH shares. Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a research note on Thursday, April 16th. Barclays lifted their price objective on shares of Manhattan Associates from $236.00 to $239.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $202.91.

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.