Manhattan Associates, Inc. $MANH Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,309 shares of the software maker’s stock after selling 734 shares during the quarter. Calamos Advisors LLC’s holdings in Manhattan Associates were worth $456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC boosted its stake in Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock valued at $213,000 after purchasing an additional 57 shares in the last quarter. Credit Agricole S A grew its position in Manhattan Associates by 1.3% in the first quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock worth $841,000 after buying an additional 64 shares during the last quarter. Quent Capital LLC lifted its position in shares of Manhattan Associates by 3.5% during the 2nd quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock valued at $384,000 after acquiring an additional 65 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Manhattan Associates by 1.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock worth $846,000 after acquiring an additional 76 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Manhattan Associates by 6.9% during the first quarter. Signaturefd LLC now owns 1,285 shares of the software maker’s stock worth $222,000 after purchasing an additional 83 shares during the period. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.5%

Shares of NASDAQ MANH opened at $178.23 on Friday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The business has a 50-day moving average price of $198.32 and a two-hundred day moving average price of $199.64. The firm has a market capitalization of $10.74 billion, a PE ratio of 50.78 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. The business had revenue of $275.80 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analysts Set New Price Targets

MANH has been the subject of a number of recent analyst reports. UBS Group set a $240.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. Raymond James Financial cut their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Barclays decreased their target price on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley set a $200.00 target price on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Loop Capital upped their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $222.42.

Manhattan Associates Company 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.