Manhattan Associates, Inc. $MANH Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 87.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,422 shares of the software maker’s stock after purchasing an additional 4,849 shares during the quarter. SG Americas Securities LLC’s holdings in Manhattan Associates were worth $2,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MANH. Capital Fund Management S.A. grew its position in shares of Manhattan Associates by 45.4% in the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after purchasing an additional 39,699 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Manhattan Associates by 4.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after buying an additional 6,500 shares in the last quarter. Caxton Associates LLP acquired a new stake in Manhattan Associates in the 2nd quarter worth about $3,339,000. Abacus FCF Advisors LLC increased its stake in Manhattan Associates by 33.0% during the 3rd quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock worth $9,116,000 after buying an additional 11,043 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Manhattan Associates by 11.8% during the 3rd quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock worth $20,461,000 after buying an additional 10,526 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.2%

Shares of MANH opened at $173.48 on Thursday. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $299.27. The firm has a market capitalization of $10.45 billion, a P/E ratio of 49.42 and a beta of 1.02. The firm has a 50-day moving average price of $174.52 and a 200 day moving average price of $195.24.

Manhattan Associates (NASDAQ:MANH) last posted 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 company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same period in the previous year, the business posted $1.35 EPS. Manhattan Associates’s 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. Equities research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MANH shares. Citigroup lowered their price target on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. Zacks Research cut shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Barclays dropped their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley decreased their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Finally, DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.17.

Manhattan Associates Company 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.