Vestcor Inc Buys 4,351 Shares of Manhattan Associates, Inc. $MANH

Vestcor Inc lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 307.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,766 shares of the software maker’s stock after acquiring an additional 4,351 shares during the quarter. Vestcor Inc’s holdings in Manhattan Associates were worth $999,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 112 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates during the 4th quarter valued at approximately $27,000. BNP Paribas bought a new position in shares of Manhattan Associates during the 4th quarter valued at approximately $39,000. TD Private Client Wealth LLC grew its stake in shares of Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after acquiring an additional 109 shares during the period. Finally, Leonteq Securities AG bought a new position in shares of Manhattan Associates during the 4th quarter valued at approximately $44,000. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MANH has been the subject of a number of recent research reports. Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Robert W. Baird boosted their price objective on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. DA Davidson reiterated a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Citigroup dropped their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction 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 trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $146.88 on Tuesday. The company has a market capitalization of $8.69 billion, a P/E ratio of 41.14 and a beta of 0.97. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $247.22. The stock has a 50 day moving average price of $137.41 and a 200-day moving average price of $151.60.

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

Manhattan Associates announced that its Board of Directors has initiated a share repurchase program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.