World Investment Advisors Purchases New Stake in Manhattan Associates, Inc. $MANH

World Investment Advisors acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,861 shares of the software maker’s stock, valued at approximately $367,000.

Several other institutional investors have also recently added to or reduced their stakes in MANH. Whipplewood Advisors LLC lifted its position in shares of Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 worth $45,000 after acquiring an additional 124 shares during the period. Brooklyn Investment Group lifted its holdings in Manhattan Associates by 70.1% in the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after acquiring an additional 148 shares during the last quarter. Reyes Financial Architecture Inc. boosted its stake in Manhattan Associates by 42.5% in the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after acquiring an additional 142 shares during the period. Finally, Bayforest Capital Ltd grew its holdings 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 valued at $85,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Down 0.3%

Shares of MANH opened at $181.56 on Tuesday. The firm has a market capitalization of $10.94 billion, a PE ratio of 51.73 and a beta of 1.12. The firm has a 50-day moving average price of $204.94 and a 200 day moving average price of $199.55. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share 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 company 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 posted $1.35 EPS. The business’s revenue for the quarter 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. On average, equities analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Raymond James Financial cut their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. UBS Group set a $240.00 price target on shares of Manhattan Associates 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 research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.83.

Manhattan Associates 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.