Fisher Asset Management LLC Has $14.83 Million Stake in Manhattan Associates, Inc. $MANH

Fisher Asset Management LLC reduced its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 27.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,103 shares of the software maker’s stock after selling 28,637 shares during the quarter. Fisher Asset Management LLC owned about 0.12% of Manhattan Associates worth $14,831,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Fund Management S.A. lifted its stake in Manhattan Associates by 45.4% in the second quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after buying an additional 39,699 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Manhattan Associates during the 2nd quarter valued at about $27,073,000. Inspire Investing LLC grew its position in shares of Manhattan Associates by 243.7% in the 1st quarter. Inspire Investing LLC now owns 22,948 shares of the software maker’s stock valued at $3,971,000 after purchasing an additional 16,271 shares during the period. Segall Bryant & Hamill LLC grew its position 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 purchasing an additional 29,696 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Manhattan Associates by 467.5% during the 1st quarter. BNP Paribas Financial Markets now owns 212,218 shares of the software maker’s stock worth $36,722,000 after purchasing an additional 174,823 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MANH. Morgan Stanley set a $200.00 price target on shares of Manhattan Associates and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Raymond James Financial cut their price objective 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. Stifel Nicolaus lowered their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Barclays dropped their price target on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Finally, UBS Group set a $240.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $222.42.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $178.60 on Thursday. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The company has a market cap of $10.76 billion, a P/E ratio of 50.88 and a beta of 1.02. The stock’s 50-day simple moving average is $187.56 and its 200 day simple moving average is $198.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share 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 firm had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue 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. As a group, equities analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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.