Fieldview Capital Management LLC Sells 6,989 Shares of Manhattan Associates, Inc. $MANH

Fieldview Capital Management LLC lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 46.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,197 shares of the software maker’s stock after selling 6,989 shares during the period. Fieldview Capital Management LLC’s holdings in Manhattan Associates were worth $1,421,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after buying an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Manhattan Associates during the 1st quarter valued at $987,000. Focus Partners Wealth boosted its holdings in shares of Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after buying an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at $446,000. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MANH shares. Robert W. Baird upped their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup dropped their price target on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. DA Davidson reiterated a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. 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. Finally, Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a research note on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.45.

Manhattan Associates Price Performance

NASDAQ MANH opened at $142.92 on Monday. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22. The firm has a market capitalization of $8.46 billion, a P/E ratio of 40.03 and a beta of 0.97. The company has a 50-day moving average price of $138.40 and a 200-day moving average price of $150.85.

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 firm had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

Manhattan Associates declared that its Board of Directors has initiated a share buyback plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to purchase up to 5.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction that occurred on 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 owned 60,815 shares of the company’s stock, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.84% of the company’s stock.

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.