Prospera Financial Services Inc Has $1.03 Million Holdings in Manhattan Associates, Inc. $MANH

Prospera Financial Services Inc lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 309.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,214 shares of the software maker’s stock after acquiring an additional 3,941 shares during the quarter. Prospera Financial Services Inc’s holdings in Manhattan Associates were worth $1,030,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MANH. True Wealth Design LLC increased its holdings in shares of Manhattan Associates by 2,053.8% in the 2nd quarter. True Wealth Design LLC now owns 560 shares of the software maker’s stock valued at $111,000 after purchasing an additional 534 shares during the period. AE Wealth Management LLC grew its position in Manhattan Associates by 5.9% during the second quarter. AE Wealth Management LLC now owns 20,659 shares of the software maker’s stock valued at $4,079,000 after purchasing an additional 1,155 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Manhattan Associates in the 2nd quarter valued at approximately $1,370,000. Rovin Capital UT ADV increased its stake in Manhattan Associates by 8.5% in the 2nd quarter. Rovin Capital UT ADV now owns 1,461 shares of the software maker’s stock valued at $289,000 after buying an additional 114 shares during the period. Finally, Savant Capital LLC lifted its position in Manhattan Associates by 492.5% in the 2nd quarter. Savant Capital LLC now owns 30,483 shares of the software maker’s stock worth $6,019,000 after buying an additional 25,338 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $175.34 on Thursday. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 49.95 and a beta of 1.08. The business’s 50-day simple moving average is $199.71 and its 200-day simple moving average is $199.77. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

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, topping the consensus estimate of $1.18 by $0.18. The firm had revenue of $275.80 million during the quarter, compared to analyst estimates of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group set a $240.00 price target on shares of Manhattan Associates in a report on Wednesday, October 22nd. Morgan Stanley set a $200.00 target price on Manhattan Associates and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Zacks Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Loop Capital lifted their price target on Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. One equities research 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. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.83.

About Manhattan Associates

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.