Manhattan Associates, Inc. (NASDAQ:MANH) Short Interest Update

Manhattan Associates, Inc. (NASDAQ:MANH) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,498,873 shares, a drop of 17.3% from the February 12th total of 3,022,105 shares. Based on an average daily volume of 685,392 shares, the days-to-cover ratio is presently 3.6 days. Currently, 4.2% of the company’s stock are short sold. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 685,392 shares, the days-to-cover ratio is presently 3.6 days.

Hedge Funds Weigh In On Manhattan Associates

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Manhattan Associates by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after buying an additional 136,708 shares during the last quarter. Alliancebernstein L.P. grew its position in Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after acquiring an additional 518,321 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after acquiring an additional 671,589 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Manhattan Associates by 6.9% during the fourth quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock worth $384,668,000 after acquiring an additional 142,407 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Manhattan Associates by 2.5% in the 4th quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock worth $377,543,000 after acquiring an additional 53,037 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Up 0.3%

Shares of MANH traded up $0.45 during trading hours on Monday, reaching $141.23. 413,723 shares of the company’s stock traded hands, compared to its average volume of 860,826. Manhattan Associates has a 12 month low of $127.86 and a 12 month high of $247.22. The stock has a market cap of $8.45 billion, a PE ratio of 39.23 and a beta of 1.05. The firm’s 50 day simple moving average is $153.17 and its 200-day simple moving average is $177.29.

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

Manhattan Associates announced that its Board of Directors has initiated a stock 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 usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Barclays dropped their price target on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.36.

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.