T. Rowe Price Investment Management Inc. Acquires 671,589 Shares of Manhattan Associates, Inc. $MANH

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 35.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,580,241 shares of the software maker’s stock after buying an additional 671,589 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Manhattan Associates were worth $447,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MANH. Vanguard Group Inc. lifted its stake in shares of Manhattan Associates by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock valued at $1,205,723,000 after purchasing an additional 136,708 shares during the period. Alliancebernstein L.P. grew its stake in shares of Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares during the period. AQR Capital Management LLC increased its holdings in Manhattan Associates by 6.9% in the fourth quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock valued at $384,668,000 after purchasing an additional 142,407 shares during the last quarter. Morgan Stanley increased its holdings in Manhattan Associates by 2.5% in the fourth quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock valued at $377,543,000 after purchasing an additional 53,037 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after buying an additional 88,005 shares during the period. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. DA Davidson reissued a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Barclays decreased their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Insider Buying and Selling at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction 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 SEC filing for this sale provides additional information. 0.84% of the stock is owned by corporate insiders.

Manhattan Associates Trading Up 0.1%

NASDAQ:MANH opened at $132.28 on Friday. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22. The stock has a 50-day moving average price of $138.54 and a two-hundred day moving average price of $149.73. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 37.05 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 analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The company had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. During the same quarter last year, the firm posted $1.19 earnings per share. Manhattan Associates’s revenue was up 7.4% compared to the same quarter last year. 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 earnings per share for the current year.

Manhattan Associates declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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.