Manhattan Associates, Inc. $MANH Shares Bought by TD Asset Management Inc

TD Asset Management Inc increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 37.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 730,815 shares of the software maker’s stock after buying an additional 198,228 shares during the quarter. TD Asset Management Inc’s holdings in Manhattan Associates were worth $126,658,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MANH. Norges Bank acquired a new position in Manhattan Associates in the 4th quarter worth about $124,264,000. Alliancebernstein L.P. raised its holdings in shares of Manhattan Associates by 22.7% during 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. Lazard Asset Management LLC raised its holdings in shares of Manhattan Associates by 76.4% during the third quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock valued at $145,073,000 after acquiring an additional 306,516 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Manhattan Associates by 2,035.5% during the third quarter. Captrust Financial Advisors now owns 303,268 shares of the software maker’s stock valued at $62,164,000 after acquiring an additional 289,067 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Manhattan Associates during the second quarter valued at approximately $49,204,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

MANH stock opened at $150.58 on Friday. The business has a 50 day simple moving average of $136.77 and a 200-day simple moving average of $151.94. The firm has a market capitalization of $8.91 billion, a PE ratio of 42.18 and a beta of 0.97. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

Manhattan Associates announced that its board has initiated a share repurchase plan on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MANH shares. Robert W. Baird increased their target price on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings cut Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Barclays reduced their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a report on Wednesday, May 20th. Finally, DA Davidson reissued a “buy” rating and set a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $199.45.

Insider Activity

In other news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the sale, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by company insiders.

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.