Inspire Investing LLC Acquires 15,563 Shares of Manhattan Associates, Inc. $MANH

Inspire Investing LLC boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 182.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,094 shares of the software maker’s stock after purchasing an additional 15,563 shares during the quarter. Inspire Investing LLC’s holdings in Manhattan Associates were worth $4,176,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 purchasing an additional 41,571 shares during the period. Empowered Funds LLC bought a new stake in Manhattan Associates during the 1st quarter valued at approximately $987,000. Focus Partners Wealth boosted its stake in 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 purchasing an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in Manhattan Associates during the 2nd quarter valued at approximately $446,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 5.2%

Shares of MANH stock opened at $132.09 on Thursday. The stock has a 50 day moving average of $138.60 and a two-hundred day moving average of $150.05. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22. The company has a market capitalization of $7.82 billion, a P/E ratio of 37.00 and a beta of 0.97.

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

Manhattan Associates declared that its board has approved a stock buyback program on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MANH has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Barclays reduced their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. DA Davidson reiterated a “buy” rating and issued a $200.00 price objective on shares of Manhattan Associates in a research report on Wednesday, May 20th. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research report on Thursday, April 16th. Finally, Weiss Ratings downgraded Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $199.45.

Insider Activity at Manhattan Associates

In related news, CEO Eric Andrew Clark sold 1,000 shares of the firm’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 owned 92,638 shares in the company, valued at $13,596,479.26. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 7,300 shares of the firm’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 transaction, the executive vice president owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by company insiders.

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.