Hantz Financial Services Inc. Raises Position in Manhattan Associates, Inc. $MANH

Hantz Financial Services Inc. increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 1,000.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308 shares of the software maker’s stock after buying an additional 280 shares during the period. Hantz Financial Services Inc.’s holdings in Manhattan Associates were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its position in Manhattan Associates by 907.7% during the second 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. raised its position 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 valued at $45,000 after purchasing an additional 124 shares in the last quarter. Brooklyn Investment Group raised its position in Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. raised its position in Manhattan Associates by 42.5% during the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after purchasing an additional 142 shares in the last quarter. Finally, Bayforest Capital Ltd raised its position in 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 in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Up 0.9%

Shares of NASDAQ MANH opened at $180.13 on Thursday. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The firm has a market cap of $10.85 billion, a P/E ratio of 51.32 and a beta of 1.08. The company has a 50 day moving average of $203.44 and a 200 day moving average of $199.52.

Manhattan Associates (NASDAQ:MANH) last posted its 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 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 in the previous year, the firm posted $1.35 EPS. The firm’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, equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. DA Davidson set a $250.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. Robert W. Baird raised their target price on Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. Stifel Nicolaus lowered their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Finally, Citigroup restated a “neutral” rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average price target 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.