Capital Fund Management S.A. Has $25.09 Million Holdings in Manhattan Associates, Inc. $MANH

Capital Fund Management S.A. raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 45.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,059 shares of the software maker’s stock after buying an additional 39,699 shares during the period. Capital Fund Management S.A. owned about 0.21% of Manhattan Associates worth $25,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MANH. Whipplewood Advisors LLC increased its holdings in Manhattan Associates by 907.7% during the 2nd 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. grew its holdings in shares of 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 purchasing an additional 124 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after purchasing an additional 280 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Manhattan Associates by 70.1% in the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after buying an additional 148 shares in the last quarter. Finally, Bayforest Capital Ltd raised its holdings in shares of Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after buying an additional 276 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $176.05 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a market capitalization of $10.61 billion, a P/E ratio of 50.16 and a beta of 1.08. The company’s 50 day simple moving average is $190.58 and its 200 day simple moving average is $199.06.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. Raymond James Financial reduced 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 report on Wednesday, October 22nd. Truist Financial set a $230.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. DA Davidson set a $250.00 price target on shares of Manhattan Associates in a report on Wednesday, October 22nd. Finally, UBS Group set a $240.00 price objective on Manhattan Associates in a report on Wednesday, October 22nd. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.