Nomura Asset Management Co. Ltd. Lowers Stock Holdings in Manhattan Associates, Inc. $MANH

Nomura Asset Management Co. Ltd. lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 57.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,582 shares of the software maker’s stock after selling 16,967 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Manhattan Associates were worth $2,485,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC increased its stake in Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after acquiring an additional 124 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after acquiring an additional 280 shares during the period. Brooklyn Investment Group raised its holdings in Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its position in Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after purchasing an additional 276 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MANH has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Truist Financial set a $230.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. Zacks Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley set a $200.00 price target on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Barclays reduced their price objective on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $222.42.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $170.49 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 48.57 and a beta of 1.08. The stock’s fifty day moving average is $193.75 and its two-hundred day moving average is $199.44.

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

Manhattan Associates Profile

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.