Pembroke Management LTD Acquires 48,489 Shares of Manhattan Associates, Inc. $MANH

Pembroke Management LTD boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 65.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,774 shares of the software maker’s stock after purchasing an additional 48,489 shares during the period. Manhattan Associates makes up 3.0% of Pembroke Management LTD’s portfolio, making the stock its 12th largest position. Pembroke Management LTD’s holdings in Manhattan Associates were worth $24,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Allianz Asset Management GmbH increased its stake in shares of Manhattan Associates by 18.9% during the first quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker’s stock valued at $24,864,000 after buying an additional 22,845 shares during the period. Inspire Investing LLC boosted its holdings in Manhattan Associates by 243.7% in the first quarter. Inspire Investing LLC now owns 22,948 shares of the software maker’s stock valued at $3,971,000 after acquiring an additional 16,271 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Manhattan Associates during the 2nd quarter valued at $27,073,000. BNP Paribas Financial Markets raised its holdings in Manhattan Associates by 467.5% in the 1st quarter. BNP Paribas Financial Markets now owns 212,218 shares of the software maker’s stock worth $36,722,000 after purchasing an additional 174,823 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Manhattan Associates by 3.9% in the 1st quarter. Royal Bank of Canada now owns 473,677 shares of the software maker’s stock worth $81,964,000 after purchasing an additional 17,561 shares during the period. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. UBS Group set a $240.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. Barclays decreased their target price on Manhattan Associates from $247.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Raymond James Financial lowered their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Finally, Loop Capital upped their price target on Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.83.

Manhattan Associates Stock Performance

MANH stock opened at $176.45 on Tuesday. The firm has a 50 day moving average price of $201.05 and a 200-day moving average price of $199.94. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 50.27 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. The company had revenue of $275.80 million during the quarter, compared to analyst estimates of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $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 earnings per share for the current fiscal year.

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.