Manhattan Associates, Inc. $MANH Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,272 shares of the software maker’s stock after buying an additional 76 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Manhattan Associates were worth $846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC acquired a new position in Manhattan Associates during the 1st quarter valued at about $214,000. Allianz Asset Management GmbH boosted its stake in Manhattan Associates by 18.9% during the 1st quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker’s stock valued at $24,864,000 after purchasing an additional 22,845 shares during the period. IFM Investors Pty Ltd boosted its stake in Manhattan Associates by 11.0% during the 1st quarter. IFM Investors Pty Ltd now owns 13,201 shares of the software maker’s stock valued at $2,284,000 after purchasing an additional 1,303 shares during the period. Bridges Investment Management Inc. boosted its stake in Manhattan Associates by 111.3% during the 1st quarter. Bridges Investment Management Inc. now owns 4,353 shares of the software maker’s stock valued at $753,000 after purchasing an additional 2,293 shares during the period. Finally, Inspire Investing LLC boosted its stake in Manhattan Associates by 243.7% during the 1st quarter. Inspire Investing LLC now owns 22,948 shares of the software maker’s stock valued at $3,971,000 after purchasing an additional 16,271 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

MANH stock opened at $194.68 on Friday. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The firm has a market cap of $11.77 billion, a PE ratio of 55.46 and a beta of 1.12. The firm has a 50 day simple moving average of $209.18 and a 200 day simple moving average of $197.47.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $271.66 million. During the same period in the prior year, the business earned $1.35 earnings per share. The business’s quarterly 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.

Analysts Set New Price Targets

A number of research firms have issued reports on MANH. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Stifel Nicolaus 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 note on Wednesday. Loop Capital upped their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley set a $200.00 price target on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.83.

Insider Activity at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the sale, the director directly owned 11,907 shares of the company’s stock, valued at $2,637,757.71. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the sale, the chairman directly owned 162,988 shares of the company’s stock, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is owned by corporate insiders.

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.