Vanguard Group Inc. Raises Position in Manhattan Associates, Inc. $MANH

Vanguard Group Inc. increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,820,320 shares of the software maker’s stock after buying an additional 108,426 shares during the quarter. Vanguard Group Inc. owned 11.32% of Manhattan Associates worth $1,398,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its stake in shares of Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after acquiring an additional 118 shares during the last quarter. Eastern Bank acquired a new position in Manhattan Associates during the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. increased its stake in Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after purchasing an additional 280 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Manhattan Associates by 127.7% in the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after buying an additional 244 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Manhattan Associates during the second quarter valued at $99,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MANH. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $208.00 in a report on Thursday, January 15th. Truist Financial set a $240.00 price target on shares of Manhattan Associates in a report on Thursday, January 15th. DA Davidson reduced their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Morgan Stanley decreased their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Finally, Barclays cut their price objective on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $144.27 on Friday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 40.08 and a beta of 1.04. The firm’s 50 day simple moving average is $162.99 and its 200-day simple moving average is $185.34. Manhattan Associates, Inc. has a 12 month low of $127.86 and a 12 month high of $247.22.

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

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.