Transcend Capital Advisors LLC Invests $287,000 in Manhattan Associates, Inc. $MANH

Transcend Capital Advisors LLC bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,455 shares of the software maker’s stock, valued at approximately $287,000.

Several other hedge funds have also modified their holdings of the stock. Cordatus Wealth Management LLC raised its holdings in shares of Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock valued at $213,000 after buying an additional 57 shares during the period. Credit Agricole S A increased its holdings in Manhattan Associates by 1.3% during the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock worth $841,000 after purchasing an additional 64 shares during the last quarter. Quent Capital LLC increased its holdings in Manhattan Associates by 3.5% during the 2nd quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock worth $384,000 after purchasing an additional 65 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 73 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Manhattan Associates by 1.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock worth $846,000 after purchasing an additional 76 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 0.9%

Shares of NASDAQ:MANH opened at $179.87 on Friday. The firm’s 50 day moving average is $206.29 and its two-hundred day moving average is $198.78. The firm has a market capitalization of $10.84 billion, a P/E ratio of 51.25 and a beta of 1.12. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $271.66 million. During the same quarter in the previous year, the firm posted $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. Analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Robert W. Baird lifted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. DA Davidson set a $250.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Raymond James Financial decreased their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Finally, UBS Group set a $240.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.83.

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.