Hsbc Holdings PLC Purchases 77,178 Shares of Manhattan Associates, Inc. $MANH

Hsbc Holdings PLC raised its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 306.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,337 shares of the software maker’s stock after acquiring an additional 77,178 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of Manhattan Associates worth $20,006,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in Manhattan Associates by 73.6% in the 1st quarter. Natixis Advisors LLC now owns 30,949 shares of the software maker’s stock valued at $5,355,000 after purchasing an additional 13,123 shares during the last quarter. US Bancorp DE raised its stake in Manhattan Associates by 6.5% in the first quarter. US Bancorp DE now owns 8,791 shares of the software maker’s stock valued at $1,521,000 after buying an additional 535 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Manhattan Associates by 95.6% in the first quarter. PNC Financial Services Group Inc. now owns 8,691 shares of the software maker’s stock valued at $1,504,000 after buying an additional 4,247 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Manhattan Associates by 2,599.2% during the 1st quarter. Bank of Nova Scotia now owns 58,167 shares of the software maker’s stock worth $10,065,000 after acquiring an additional 56,012 shares during the last quarter. Finally, J. Safra Sarasin Holding AG raised its stake in Manhattan Associates by 24.3% in the 1st quarter. J. Safra Sarasin Holding AG now owns 4,837 shares of the software maker’s stock valued at $837,000 after acquiring an additional 945 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $176.98 on Wednesday. The business has a fifty day moving average price of $188.24 and a two-hundred day moving average price of $198.74. The stock has a market capitalization of $10.66 billion, a PE ratio of 50.42 and a beta of 1.02. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The business had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Manhattan Associates’s revenue for the quarter 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. On average, equities analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley set a $200.00 price objective on shares of Manhattan Associates and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Truist Financial set a $230.00 target price on shares of Manhattan Associates in a report on Wednesday, October 22nd. Raymond James Financial lowered their price target on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. UBS Group set a $240.00 price objective on Manhattan Associates in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus decreased their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.42.

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.