Visionary Horizons LLC Acquires Shares of 3,386 Manhattan Associates, Inc. $MANH

Visionary Horizons LLC acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,386 shares of the software maker’s stock, valued at approximately $694,000.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC increased its stake in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Manhattan Associates by 117.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after buying an additional 124 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after acquiring an additional 280 shares in the last quarter. Bayforest Capital Ltd increased its position in shares of Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after acquiring an additional 276 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Manhattan Associates by 127.7% in the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $173.07 on Thursday. The company has a market capitalization of $10.43 billion, a P/E ratio of 49.31 and a beta of 1.02. The company’s 50-day moving average is $175.11 and its 200 day moving average is $195.92. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $299.27.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data 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. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. During the same quarter last year, the company posted $1.35 earnings per share. The firm’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. As a group, research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of analyst reports. Barclays cut their price target on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. DA Davidson set a $250.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Truist Financial upped their price target on Manhattan Associates from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Monday. Raymond James Financial lowered their price target on 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, Stifel Nicolaus cut their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.33.

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.