Charles Schwab Investment Management Inc. Decreases Stock Holdings in Manhattan Associates, Inc. $MANH

Charles Schwab Investment Management Inc. lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 8.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 412,427 shares of the software maker’s stock after selling 37,205 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.68% of Manhattan Associates worth $81,442,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB lifted its position in Manhattan Associates by 50.0% during the second quarter. Swedbank AB now owns 1,199,969 shares of the software maker’s stock valued at $236,958,000 after purchasing an additional 399,969 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Manhattan Associates by 101.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock valued at $190,415,000 after buying an additional 554,840 shares during the last quarter. Northern Trust Corp raised its stake in Manhattan Associates by 6.3% during the 1st quarter. Northern Trust Corp now owns 809,894 shares of the software maker’s stock valued at $140,144,000 after buying an additional 48,074 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Manhattan Associates by 103.0% during the 1st quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock valued at $116,872,000 after buying an additional 347,358 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Manhattan Associates by 1,214.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock worth $104,869,000 after buying an additional 559,923 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group set a $240.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. Raymond James Financial reduced their price target 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. Morgan Stanley set a $200.00 price objective on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research note 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, Stifel Nicolaus reduced their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.42.

Manhattan Associates Trading Up 0.3%

Manhattan Associates stock opened at $176.59 on Friday. The firm has a 50 day moving average of $189.76 and a 200 day moving average of $198.95. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 50.31 and a beta of 1.08. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

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

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.