Magnetar Financial LLC Acquires 8,626 Shares of Manhattan Associates, Inc. $MANH

Magnetar Financial LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 335.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the software maker’s stock after buying an additional 8,626 shares during the period. Magnetar Financial LLC’s holdings in Manhattan Associates were worth $2,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Eastern Bank bought a new position in shares of Manhattan Associates in the 3rd quarter valued at about $30,000. Allworth Financial LP raised its holdings in Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Manhattan Associates during the second quarter worth about $99,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Manhattan Associates by 367.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 509 shares of the software maker’s stock valued at $104,000 after purchasing an additional 400 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Manhattan Associates by 106.5% in the third quarter. Hantz Financial Services Inc. now owns 636 shares of the software maker’s stock valued at $130,000 after purchasing an additional 328 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MANH shares. Stifel Nicolaus lowered their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. DA Davidson dropped their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Manhattan Associates Stock Down 2.2%

Shares of MANH stock opened at $140.29 on Friday. The firm has a 50 day moving average price of $153.70 and a two-hundred day moving average price of $178.36. The company has a market capitalization of $8.40 billion, a PE ratio of 38.97 and a beta of 1.05. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. The company had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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

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.