Archer Investment Corp Has $143,000 Stock Position in Manhattan Associates, Inc. $MANH

Archer Investment Corp raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 70.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 725 shares of the software maker’s stock after buying an additional 300 shares during the quarter. Archer Investment Corp’s holdings in Manhattan Associates were worth $143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Advisor Group LLC grew its stake in Manhattan Associates by 71.3% in the first quarter. Private Advisor Group LLC now owns 1,751 shares of the software maker’s stock valued at $303,000 after acquiring an additional 729 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Manhattan Associates by 18.9% during the 1st quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker’s stock worth $24,864,000 after purchasing an additional 22,845 shares during the period. AE Wealth Management LLC increased its stake in shares of Manhattan Associates by 2,278.5% during the 1st quarter. AE Wealth Management LLC now owns 19,504 shares of the software maker’s stock worth $3,375,000 after purchasing an additional 18,684 shares during the last quarter. Advisor OS LLC raised its stake in Manhattan Associates by 84.1% in the 1st quarter. Advisor OS LLC now owns 4,531 shares of the software maker’s stock valued at $784,000 after acquiring an additional 2,070 shares during the period. Finally, Equitable Trust Co. purchased a new position in Manhattan Associates in the 1st quarter valued at approximately $203,000. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial set a $230.00 target price on shares of Manhattan Associates in a report on Wednesday, October 22nd. UBS Group set a $240.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. Stifel Nicolaus cut their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Raymond James Financial dropped their target price on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Finally, Barclays cut their price objective on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $222.42.

Manhattan Associates Price Performance

MANH stock opened at $170.49 on Friday. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 48.57 and a beta of 1.08. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The business has a 50 day simple moving average of $193.75 and a two-hundred day simple moving average of $199.33.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. The firm had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

About Manhattan Associates

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.