Sumitomo Mitsui Trust Group Inc. Buys 314,112 Shares of Manhattan Associates, Inc. $MANH

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 88.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 667,728 shares of the software maker’s stock after acquiring an additional 314,112 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 1.10% of Manhattan Associates worth $136,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its stake in Manhattan Associates by 907.7% in 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 during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after acquiring an additional 124 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Manhattan Associates by 1,000.0% in the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares in the last quarter. Allworth Financial LP increased its position in Manhattan Associates by 127.7% during the second 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 period. Finally, Employees Retirement System of Texas bought a new position in Manhattan Associates during the second quarter worth about $99,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MANH. Morgan Stanley decreased their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Stifel Nicolaus reduced their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. UBS Group set a $240.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd. Zacks Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial reduced their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” 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 assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $220.17.

Manhattan Associates Price Performance

NASDAQ MANH opened at $173.18 on Wednesday. The business has a fifty day moving average price of $174.65 and a two-hundred day moving average price of $195.39. The stock has a market capitalization of $10.44 billion, a PE ratio of 49.34 and a beta of 1.02. 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 results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.66 million. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

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.