VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 6,500 Shares of Manhattan Associates, Inc. $MANH

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,600 shares of the software maker’s stock after buying an additional 6,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Manhattan Associates were worth $29,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in Manhattan Associates by 181.6% during the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after acquiring an additional 1,243,390 shares in the last quarter. Norges Bank bought a new stake in shares of Manhattan Associates during the 2nd quarter worth approximately $162,545,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Manhattan Associates by 1,214.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock worth $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 boosted its holdings in shares of Manhattan Associates by 101.7% in the 1st 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 valued at $190,415,000 after buying an additional 554,840 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Manhattan Associates by 116.8% in 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 in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on MANH shares. DA Davidson set a $250.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Citigroup reduced their price target on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Morgan Stanley set a $200.00 price objective on Manhattan Associates and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $222.42.

Manhattan Associates Stock Performance

MANH stock opened at $174.75 on Wednesday. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $299.27. The company has a market capitalization of $10.53 billion, a PE ratio of 49.79 and a beta of 1.02. The company’s 50-day simple moving average is $177.40 and its 200 day simple moving average is $196.77.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data 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 return on equity of 78.80% and a net margin of 20.25%.The firm had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.66 million. During the same period in the previous year, the firm earned $1.35 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Manhattan Associates Profile

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.