Connor Clark & Lunn Investment Management Ltd. Makes New $3.27 Million Investment in Manhattan Associates, Inc. $MANH

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,577 shares of the software maker’s stock, valued at approximately $3,273,000.

Several other institutional investors have also recently made changes to their positions in MANH. Cordatus Wealth Management LLC grew its position in Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock worth $213,000 after purchasing an additional 57 shares during the period. Credit Agricole S A boosted its stake in shares of Manhattan Associates by 1.3% in the first quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock worth $841,000 after buying an additional 64 shares during the last quarter. Quent Capital LLC grew its holdings in Manhattan Associates by 3.5% during the second quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock worth $384,000 after acquiring an additional 65 shares during the period. Allspring Global Investments Holdings LLC raised its position in Manhattan Associates by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock valued at $846,000 after acquiring an additional 76 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Manhattan Associates by 6.9% in the first quarter. Signaturefd LLC now owns 1,285 shares of the software maker’s stock valued at $222,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $178.23 on Friday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The stock has a market cap of $10.74 billion, a PE ratio of 50.78 and a beta of 1.08. The stock has a 50 day moving average price of $198.32 and a 200 day moving average price of $199.64.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.66 million. During the same period in the prior year, the business earned $1.35 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. Morgan Stanley set a $200.00 price target on shares of Manhattan Associates and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus 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 research report on Wednesday, October 22nd. Barclays cut their price target on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, UBS Group set a $240.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $222.42.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.