Bessemer Group Inc. Has $134.25 Million Position in Manhattan Associates, Inc. $MANH

Bessemer Group Inc. grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 19.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 654,914 shares of the software maker’s stock after acquiring an additional 106,076 shares during the period. Bessemer Group Inc. owned 1.09% of Manhattan Associates worth $134,245,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Whipplewood Advisors LLC increased its position in Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after purchasing an additional 118 shares during the last quarter. Eastern Bank acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at about $30,000. Hantz Financial Services Inc. grew its stake in shares of Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after buying an additional 280 shares in the last quarter. Allworth Financial LP increased its holdings in Manhattan Associates by 127.7% in the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after buying an additional 244 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Manhattan Associates in the second quarter worth approximately $99,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $138.28 on Friday. The stock has a 50-day simple moving average of $170.26 and a 200 day simple moving average of $190.97. Manhattan Associates, Inc. has a twelve month low of $127.86 and a twelve month high of $247.22. The stock has a market capitalization of $8.33 billion, a PE ratio of 38.41 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. During the same period in the previous year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research note on Thursday, January 15th. DA Davidson decreased their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Barclays cut their target price on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Stifel Nicolaus decreased their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Nine 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 presently has an average rating of “Moderate Buy” and a consensus price target of $218.75.

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.