Inceptionr LLC Buys Shares of 6,399 Manhattan Associates, Inc. $MANH

Inceptionr LLC bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 3rd quarter, HoldingsChannel reports. The fund bought 6,399 shares of the software maker’s stock, valued at approximately $1,312,000.

A number of other institutional investors have also made changes to their positions in MANH. Eastern Bank purchased a new stake in shares of Manhattan Associates in the 3rd quarter valued at approximately $30,000. Allworth Financial LP lifted its holdings in shares of Manhattan Associates by 127.7% in the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $99,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Manhattan Associates by 367.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 509 shares of the software maker’s stock valued at $104,000 after purchasing an additional 400 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Manhattan Associates by 106.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 636 shares of the software maker’s stock valued at $130,000 after purchasing an additional 328 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Up 3.7%

Shares of MANH stock opened at $152.45 on Monday. The firm has a 50 day moving average of $156.08 and a two-hundred day moving average of $179.81. The stock has a market capitalization of $9.12 billion, a PE ratio of 42.35 and a beta of 1.05. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22.

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

Manhattan Associates announced that its board has initiated a share repurchase plan on Thursday, March 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MANH. Stifel Nicolaus cut their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Truist Financial set a $240.00 price objective on Manhattan Associates in a research note on Thursday, January 15th. Barclays cut their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Morgan Stanley decreased their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Finally, Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.75.

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.