John G Ullman & Associates Inc. Sells 9,925 Shares of Manhattan Associates, Inc. $MANH

John G Ullman & Associates Inc. trimmed its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 81.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,225 shares of the software maker’s stock after selling 9,925 shares during the period. John G Ullman & Associates Inc.’s holdings in Manhattan Associates were worth $296,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in Manhattan Associates in the 4th quarter worth $124,264,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Manhattan Associates by 35.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after purchasing an additional 671,589 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Manhattan Associates by 76.4% in the third quarter. Lazard Asset Management LLC now owns 707,742 shares of the software maker’s stock valued at $145,073,000 after purchasing an additional 306,516 shares in the last quarter. Swedbank AB lifted its holdings in shares of Manhattan Associates by 25.0% in the first quarter. Swedbank AB now owns 1,500,000 shares of the software maker’s stock valued at $199,680,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Manhattan Associates in the second quarter valued at about $49,204,000. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $163.19 on Friday. The stock has a market cap of $9.66 billion, a PE ratio of 45.71 and a beta of 0.97. The firm has a 50-day moving average of $143.56 and a 200-day moving average of $145.74. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. Manhattan Associates’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, analysts predict that Manhattan Associates, Inc. will post 3.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of research reports. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Citigroup cut their target price on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. Robert W. Baird increased their price target on Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, DA Davidson restated a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $199.45.

Insider Buying and Selling

In other news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 60,815 shares in the company, valued at approximately $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates 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 sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

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.