Assenagon Asset Management S.A. Boosts Stake in Manhattan Associates, Inc. $MANH

Assenagon Asset Management S.A. lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1,886.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,113 shares of the software maker’s stock after acquiring an additional 110,269 shares during the period. Assenagon Asset Management S.A.’s holdings in Manhattan Associates were worth $15,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of 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 buying an additional 41,571 shares during the period. Empowered Funds LLC purchased a new stake in shares of Manhattan Associates during the 1st quarter valued at $987,000. Focus Partners Wealth increased its holdings in shares of Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth $446,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $137.85 on Friday. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22. The firm’s 50-day moving average is $139.09 and its 200-day moving average is $147.97. The company has a market cap of $8.16 billion, a P/E ratio of 38.61 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business had revenue of $282.21 million during the quarter, compared to analyst estimates of $273.70 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. 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. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Manhattan Associates declared that its board has authorized a stock repurchase plan on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays decreased their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research report on Thursday, March 5th. Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. DA Davidson reissued a “buy” rating and issued a $200.00 price objective on shares of Manhattan Associates in a research report on Wednesday, May 20th. Finally, Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.45.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eric Andrew Clark sold 1,000 shares of the company’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 value of $146,770.00. Following the completion of the sale, the chief executive officer directly owned 92,638 shares in the company, valued at $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of Manhattan Associates stock in a transaction dated 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 directly owned 60,815 shares in the company, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.

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.