Bank Julius Baer & Co. Ltd Zurich Sells 28,320 Shares of Manhattan Associates, Inc. $MANH

Bank Julius Baer & Co. Ltd Zurich cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 57.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,877 shares of the software maker’s stock after selling 28,320 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Manhattan Associates were worth $4,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MANH. Whipplewood Advisors LLC raised its stake in shares of Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after purchasing an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 worth $45,000 after buying an additional 124 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares during the period. Brooklyn Investment Group boosted its holdings 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 valued at $62,000 after acquiring an additional 148 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Manhattan Associates by 127.7% during the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $170.49 on Friday. The stock has a 50-day simple moving average of $193.75 and a two-hundred day simple moving average of $199.33. The firm has a market capitalization of $10.27 billion, a PE ratio of 48.57 and a beta of 1.08. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. The firm had revenue of $275.80 million for 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 business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Equities analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

MANH has been the topic of a number of research analyst reports. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Barclays lowered their price target on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Stifel Nicolaus cut their price objective on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company 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. Finally, Truist Financial set a $230.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average price target of $222.42.

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.