Oppenheimer Asset Management Inc. Reduces Stake in Manhattan Associates, Inc. $MANH

Oppenheimer Asset Management Inc. lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 15.2% in the second quarter, Holdings Channel.com reports. The fund owned 10,162 shares of the software maker’s stock after selling 1,816 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Manhattan Associates were worth $2,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MANH. Whipplewood Advisors LLC increased its position in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after purchasing an additional 124 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in shares of Manhattan Associates by 42.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after purchasing an additional 142 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its stake in shares of Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MANH. Citigroup restated a “neutral” rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. UBS Group set a $240.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. Morgan Stanley set a $200.00 price target on Manhattan Associates and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus dropped their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $222.83.

Manhattan Associates Trading Down 4.1%

Manhattan Associates stock opened at $178.33 on Thursday. The business’s fifty day simple moving average is $206.94 and its two-hundred day simple moving average is $198.91. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 50.81 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. The business had revenue of $275.80 million for 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 company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Manhattan Associates Company 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.