Bessemer Group Inc. Has $134.25 Million Position in Manhattan Associates, Inc. $MANH

Bessemer Group Inc. lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 19.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 654,914 shares of the software maker’s stock after acquiring an additional 106,076 shares during the period. Bessemer Group Inc.’s holdings in Manhattan Associates were worth $134,245,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC bought a new position in Manhattan Associates during the third quarter valued at about $335,000. Savant Capital LLC grew its holdings in shares of Manhattan Associates by 8.3% during the 3rd quarter. Savant Capital LLC now owns 33,021 shares of the software maker’s stock worth $6,769,000 after purchasing an additional 2,538 shares in the last quarter. Machina Capital S.A.S. grew its holdings in shares of Manhattan Associates by 189.9% during the 3rd quarter. Machina Capital S.A.S. now owns 3,711 shares of the software maker’s stock worth $761,000 after purchasing an additional 2,431 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Manhattan Associates by 106.5% during the third quarter. Hantz Financial Services Inc. now owns 636 shares of the software maker’s stock valued at $130,000 after purchasing an additional 328 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Manhattan Associates by 33.8% in the third quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock valued at $11,360,000 after purchasing an additional 14,013 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MANH. Stifel Nicolaus decreased their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Raymond James Financial dropped their price target on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Finally, Truist Financial set a $240.00 price objective on Manhattan Associates in a report on Thursday, January 15th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Price Performance

NASDAQ MANH opened at $138.28 on Friday. The stock’s 50 day simple moving average is $170.26 and its 200 day simple moving average is $190.97. Manhattan Associates, Inc. has a one year low of $127.86 and a one year high of $247.22. The firm has a market cap of $8.33 billion, a PE ratio of 38.41 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current 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.