Bell Asset Management Ltd Sells 9,841 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Bell Asset Management trimmed its holdings by 40.3%, selling 9,841 Manhattan Associates shares in Q3 and retaining 14,579 shares valued at about $2.99 million.
• Manhattan Associates beat Q expectations (EPS $1.21 vs $1.11 and revenue $270.39M vs $264.69M), set FY2026 guidance of $5.040–$5.200 EPS, and its board approved a $500 million buyback (up to 5.8% of shares).
• Analyst activity is mixed but consensus is a “Moderate Buy” with an average price target of $218.75 after several recent upgrades and price-target reductions.

Bell Asset Management Ltd trimmed its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 40.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,579 shares of the software maker's stock after selling 9,841 shares during the quarter. Bell Asset Management Ltd's holdings in Manhattan Associates were worth $2,988,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MANH. Capital Fund Management S.A. increased its holdings in shares of Manhattan Associates by 45.4% in the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker's stock worth $25,090,000 after purchasing an additional 39,699 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Manhattan Associates by 4.7% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker's stock valued at $29,435,000 after purchasing an additional 6,500 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Manhattan Associates by 33.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker's stock worth $11,360,000 after buying an additional 14,013 shares in the last quarter. Abacus FCF Advisors LLC increased its holdings in shares of Manhattan Associates by 33.0% in the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker's stock worth $9,116,000 after buying an additional 11,043 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Manhattan Associates by 11.8% in the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker's stock valued at $20,461,000 after acquiring an additional 10,526 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MANH shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Morgan Stanley lowered their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an "equal weight" rating for the company in a research report on Monday, January 5th. William Blair reaffirmed an "outperform" rating on shares of Manhattan Associates in a research report on Thursday. DA Davidson dropped their price objective on Manhattan Associates from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Wednesday, January 28th. Finally, Citigroup raised Manhattan Associates from a "neutral" rating to a "buy" rating and lifted their target price for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $218.75.

Manhattan Associates Trading Up 3.7%

Shares of NASDAQ:MANH opened at $152.45 on Monday. Manhattan Associates, Inc. has a twelve month low of $127.86 and a twelve month high of $247.22. The company's 50 day moving average is $156.08 and its 200 day moving average is $179.81. The company has a market cap of $9.12 billion, a PE ratio of 42.35 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. The business had revenue of $270.39 million during the quarter, compared to analysts' expectations 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 for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Equities research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates announced that its Board of Directors has approved a stock buyback program on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.

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