AXQ Capital LP Buys Shares of 4,996 Manhattan Associates, Inc. $MANH

AXQ Capital LP bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,996 shares of the software maker’s stock, valued at approximately $987,000.

Several other large investors have also made changes to their positions in MANH. Whipplewood Advisors LLC increased its stake in Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after acquiring an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Manhattan Associates by 117.0% in the 2nd 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 during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after buying an additional 280 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after buying an additional 148 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Manhattan Associates by 127.7% in the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

MANH has been the subject of several research analyst reports. Truist Financial set a $230.00 target price on Manhattan Associates in a research note on Wednesday, October 22nd. UBS Group set a $240.00 price target on shares of Manhattan Associates in a report on Wednesday, October 22nd. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial decreased their target price on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average target price of $222.42.

Manhattan Associates Price Performance

MANH opened at $170.49 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The company’s 50 day moving average price is $193.75 and its two-hundred day moving average price is $199.33. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 48.57 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly 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 company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. Manhattan Associates’s revenue 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. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.