Vanguard Group Inc. Boosts Stock Holdings in Manhattan Associates, Inc. $MANH

Vanguard Group Inc. raised its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,711,894 shares of the software maker’s stock after acquiring an additional 3,679 shares during the period. Vanguard Group Inc. owned approximately 11.10% of Manhattan Associates worth $1,325,398,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Jacobs Levy Equity Management Inc. grew its position in shares of Manhattan Associates by 1,214.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after purchasing an additional 559,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Manhattan Associates by 101.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock worth $190,415,000 after buying an additional 554,840 shares in the last quarter. Swedbank AB boosted its stake in Manhattan Associates by 116.8% during the first quarter. Swedbank AB now owns 800,000 shares of the software maker’s stock valued at $138,432,000 after buying an additional 430,981 shares during the last quarter. AQR Capital Management LLC grew its holdings in Manhattan Associates by 103.0% during the 1st quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock valued at $116,872,000 after buying an additional 347,358 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Manhattan Associates by 46,233.9% during the 1st quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker’s stock valued at $41,371,000 after buying an additional 238,567 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MANH. DA Davidson set a $250.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd. Zacks Research cut shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Barclays decreased their price target on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research 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 investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $222.42.

Manhattan Associates Stock Up 1.1%

Shares of MANH opened at $170.49 on Friday. The business has a fifty day moving average of $193.75 and a 200 day moving average of $199.44. The company has a market cap of $10.27 billion, a PE ratio of 48.57 and a beta of 1.08. 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 earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.18. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. During the same quarter in the prior year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter 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, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share 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.