Manhattan Associates, Inc. $MANH Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 33.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,913 shares of the software maker’s stock after selling 75,854 shares during the quarter. Principal Financial Group Inc.’s holdings in Manhattan Associates were worth $30,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its stake in shares of Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares in the last quarter. Eastern Bank acquired a new stake in Manhattan Associates in the 3rd quarter valued at about $30,000. Hantz Financial Services Inc. lifted its stake in Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after purchasing an additional 280 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Manhattan Associates by 127.7% during the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after purchasing an additional 244 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Manhattan Associates in the second quarter valued at approximately $99,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MANH shares. UBS Group set a $240.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. DA Davidson reduced their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Raymond James Financial dropped their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Stifel Nicolaus cut their price objective on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Finally, Barclays decreased their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. 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, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $145.07 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $127.86 and a fifty-two week high of $247.22. The company has a 50 day moving average price of $169.63 and a 200 day moving average price of $190.59. The stock has a market capitalization of $8.68 billion, a P/E ratio of 40.30 and a beta of 1.04.

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

Manhattan Associates 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.