Manhattan Associates, Inc. $MANH Shares Sold by Fisher Asset Management LLC

Key Points

• Fisher Asset Management cut its stake in Manhattan Associates by 51.8% in Q3, selling 38,883 shares and leaving 36,220 shares worth about $7.42 million.
• Manhattan Associates beat quarterly expectations with $1.21 EPS (vs. $1.11 est.) and $270.4M revenue, set FY2026 guidance of $5.04–$5.20 EPS, and its board approved a $500 million share buyback (up to 5.8% of shares).
• Analysts are mixed but the consensus rating is a “Moderate Buy” with a $218.75 price target; the stock trades around $147, has an $8.8B market cap, and roughly 98.45% institutional ownership.

Fisher Asset Management LLC cut its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 51.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,220 shares of the software maker's stock after selling 38,883 shares during the quarter. Fisher Asset Management LLC owned approximately 0.06% of Manhattan Associates worth $7,424,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Capital Fund Management S.A. lifted its holdings in Manhattan Associates by 45.4% in the 2nd quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker's stock valued at $25,090,000 after purchasing an additional 39,699 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Manhattan Associates by 4.7% in 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 buying an additional 6,500 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Manhattan Associates by 33.8% in the third 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 boosted its position in Manhattan Associates by 33.0% during the third quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker's stock worth $9,116,000 after acquiring an additional 11,043 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Manhattan Associates by 11.8% during 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 in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MANH shares. Morgan Stanley decreased their target price on shares of 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. Citigroup raised Manhattan Associates from a "neutral" rating to a "buy" rating and increased their price target for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Barclays lowered their price objective on Manhattan Associates from $239.00 to $237.00 and set an "overweight" rating on the stock in a research note on Monday, January 12th. Stifel Nicolaus dropped their target price on Manhattan Associates from $240.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 23rd. Finally, DA Davidson reduced their price target on Manhattan Associates from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $218.75.

Manhattan Associates Stock Up 2.4%

MANH stock opened at $147.00 on Friday. Manhattan Associates, Inc. has a 52-week low of $127.86 and a 52-week high of $247.22. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 40.83 and a beta of 1.05. The business has a fifty day moving average of $156.55 and a two-hundred day moving average of $180.73.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results 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 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 was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Manhattan Associates declared that its board has approved a share repurchase program on Thursday, March 5th that permits the company to buyback $500.00 million in outstanding 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 usually 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.

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