HB Wealth Management LLC Sells 8,288 Shares of Manhattan Associates, Inc. $MANH

Key Points

• HB Wealth Management LLC cut its position in Manhattan Associates by 55.1% in Q4, selling 8,288 shares and leaving 6,752 shares valued at about $1.17 million.
• EVP James Stewart Gantt sold 7,300 shares on April 24 for roughly $1.02 million, a 10.72% reduction that leaves him with 60,815 shares.
• Manhattan beat Q1 expectations (EPS $1.24 vs. $1.10) and raised FY‑2026 guidance, authorized a $500 million share repurchase, and carries a consensus "Moderate Buy" rating with an average target of $202.91.

HB Wealth Management LLC lowered its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,752 shares of the software maker's stock after selling 8,288 shares during the quarter. HB Wealth Management LLC's holdings in Manhattan Associates were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Manhattan Associates by 448.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker's stock worth $28,000 after buying an additional 112 shares in the last quarter. Eastern Bank bought a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $30,000. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates during the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates during the 4th quarter worth approximately $44,000. Finally, Quarry LP bought a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $62,000. Institutional investors own 98.45% of the company's stock.

Insider Activity

In other news, EVP James Stewart Gantt sold 7,300 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on MANH shares. William Blair reissued an "outperform" rating on shares of Manhattan Associates in a research report on Thursday, March 5th. DA Davidson dropped their target price on shares of Manhattan Associates from $240.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research report on Thursday, April 16th. Citigroup dropped their target price on shares of Manhattan Associates from $208.00 to $177.00 and set a "buy" rating on the stock in a research report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of Manhattan Associates from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $202.91.

Manhattan Associates Price Performance

Shares of MANH stock opened at $142.35 on Monday. The company has a 50 day moving average of $137.02 and a 200-day moving average of $160.93. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22. The firm has a market cap of $8.43 billion, a P/E ratio of 39.87 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (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 company had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. During the same quarter last year, the business posted $1.19 EPS. Manhattan Associates's quarterly 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. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.75 EPS for the current year.

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

More Manhattan Associates News

Here are the key news stories impacting Manhattan Associates this week:

• Positive Sentiment: Q1 beat and raised FY‑2026 outlook — Manhattan reported stronger‑than‑expected Q1 results and raised its full‑year guidance, which investors view as the main catalyst lifting the stock. Read More.
• Positive Sentiment: Analyst bullishness — Robert W. Baird called for strong price appreciation, adding momentum to the rally as investors reprice MANH on the better outlook. Read More.
• Positive Sentiment: Market and sentiment pieces highlight momentum — multiple market writeups and a bullish Seeking Alpha piece argue Manhattan’s competitive position and guidance justify renewed investor interest. These narratives support demand into the stock. Read More.
• Neutral Sentiment: Valuation/analysis checks — coverage pieces examine valuation after the beat; useful context for investors deciding whether upside justifies the stock’s elevated P/E, but not immediate drivers of intraday moves. Read More.
• Neutral Sentiment: Earnings call summary available — the Q1 call provides detail on revenue mix, bookings and margin outlook; investors should review management commentary for signs of recurring strength or one‑time items. Read More.
• Negative Sentiment: Insider sale by an EVP — James Stewart Gantt sold 7,300 shares (~10.7% reduction in his holding), a transaction worth roughly $1.02M at the sale price; insider sales can create short‑term concern about insider conviction even if driven by non‑company reasons. Read More.
• Negative Sentiment: Contrary analyst view — DA Davidson issued a pessimistic forecast, which could cap upside or spur profit‑taking among more cautious investors. Read More.
• Neutral Sentiment: Short interest data appears anomalous — April report shows zero shares shorted (likely a data glitch), so short‑squeeze dynamics aren’t a meaningful factor today. Read More.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.