Voya Investment Management LLC Cuts Position in Manhattan Associates, Inc. $MANH

Voya Investment Management LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 56.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,733 shares of the software maker’s stock after selling 22,843 shares during the quarter. Voya Investment Management LLC’s holdings in Manhattan Associates were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC increased its position in Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after purchasing an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Manhattan Associates by 117.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock worth $45,000 after buying an additional 124 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after buying an additional 280 shares in the last quarter. Bayforest Capital Ltd raised its position 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 buying an additional 276 shares in the last quarter. Finally, Allworth Financial LP grew its position in Manhattan Associates by 127.7% in the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MANH. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. Citigroup decreased their price target on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Morgan Stanley set a $200.00 price objective on shares of Manhattan Associates and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $222.42.

Manhattan Associates Trading Up 0.6%

NASDAQ:MANH opened at $176.35 on Friday. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 50.24 and a beta of 1.02. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $299.27. The stock has a fifty day simple moving average of $178.47 and a 200-day simple moving average of $196.91.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly 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 company had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.