Manhattan Associates, Inc. $MANH Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,402 shares of the software maker’s stock after selling 342 shares during the period. Coldstream Capital Management Inc.’s holdings in Manhattan Associates were worth $474,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC raised its stake in shares of Manhattan Associates by 73.3% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 70,226 shares of the software maker’s stock valued at $13,868,000 after acquiring an additional 29,696 shares during the period. AXQ Capital LP purchased a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $987,000. Journey Strategic Wealth LLC increased its holdings in Manhattan Associates by 19.1% in the 2nd quarter. Journey Strategic Wealth LLC now owns 2,386 shares of the software maker’s stock valued at $471,000 after purchasing an additional 383 shares during the last quarter. Archer Investment Corp raised its position in Manhattan Associates by 70.6% in the second quarter. Archer Investment Corp now owns 725 shares of the software maker’s stock valued at $143,000 after purchasing an additional 300 shares during the period. Finally, MAI Capital Management raised its position in Manhattan Associates by 11.2% in the second quarter. MAI Capital Management now owns 1,244 shares of the software maker’s stock valued at $246,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

MANH stock opened at $176.05 on Friday. The business’s 50-day moving average is $190.58 and its two-hundred day moving average is $199.06. The firm has a market capitalization of $10.61 billion, a P/E ratio of 50.16 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.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. The business 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 business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MANH. Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. Raymond James Financial dropped their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Morgan Stanley set a $200.00 price target on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.42.

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.