Norges Bank Takes $124.26 Million Position in Manhattan Associates, Inc. $MANH

Norges Bank purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 717,003 shares of the software maker’s stock, valued at approximately $124,264,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Manhattan Associates by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after buying an additional 67 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Manhattan Associates by 2.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after buying an additional 69 shares in the last quarter. Covestor Ltd raised its position in shares of Manhattan Associates by 12.2% in the fourth quarter. Covestor Ltd now owns 670 shares of the software maker’s stock valued at $116,000 after buying an additional 73 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Manhattan Associates by 1.4% in the third quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock valued at $1,152,000 after buying an additional 76 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MANH shares. DA Davidson reissued a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Citigroup cut their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Barclays decreased their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Finally, Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $199.45.

Manhattan Associates Price Performance

Shares of MANH stock opened at $150.58 on Friday. The company has a market capitalization of $8.91 billion, a PE ratio of 42.18 and a beta of 0.97. The firm’s 50-day moving average is $136.77 and its two-hundred day moving average is $151.94. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22.

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

Manhattan Associates declared that its Board of Directors has approved a stock buyback plan on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.84% of the company’s stock.

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.