Manhattan Associates (NASDAQ:MANH) EVP Sells $1,016,525.00 in Stock

Key Points

• EVP James Stewart Gantt sold 7,300 shares on April 24 at an average price of $139.25 for a total of $1,016,525, reducing his holdings by 10.72% to 60,815 shares (SEC filing disclosed).
• Manhattan Associates beat quarterly estimates with $1.24 EPS (vs. $1.10 expected) and $282.22M revenue, set FY2026 guidance of $5.29–$5.37 EPS, and its board authorized a $500 million share repurchase (up to 5.8% of shares); analysts have a "Moderate Buy" consensus with an average target of $202.91.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) EVP James Stewart Gantt sold 7,300 shares of the business's stock in a transaction dated Friday, April 24th. The stock was 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 of the company's stock, valued at $8,468,488.75. This represents a 10.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $4.03 on Friday, reaching $142.35. 645,459 shares of the company were exchanged, compared to its average volume of 802,266. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 39.87 and a beta of 1.05. The business has a 50-day moving average price of $136.98 and a 200 day moving average price of $161.93. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its 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. The business had revenue of $282.22 million during the quarter, compared to analysts' expectations of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities analysts anticipate that Manhattan Associates, Inc. will post 3.76 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MANH shares. Citigroup decreased their price objective on Manhattan Associates from $208.00 to $177.00 and set a "buy" rating on the stock in a report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Truist Financial set a $240.00 price objective on Manhattan Associates in a report on Thursday, January 15th. Wall Street Zen upgraded Manhattan Associates from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Finally, Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $202.91.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker's stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Eastern Bank purchased a new stake in Manhattan Associates in the 3rd quarter valued at about $30,000. Eagle Bay Advisors LLC purchased a new stake in Manhattan Associates in the 4th quarter valued at about $27,000. BNP Paribas purchased a new stake in Manhattan Associates in the 4th quarter valued at about $39,000. Finally, TD Private Client Wealth LLC raised its holdings in Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker's stock valued at $41,000 after buying an additional 109 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

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.

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