Ardsley Advisory Partners LP Makes New Investment in Manhattan Associates, Inc. $MANH

Ardsley Advisory Partners LP purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,200 shares of the software maker’s stock, valued at approximately $1,619,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Manhattan Associates by 3.3% in the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after acquiring an additional 59 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Manhattan Associates during the 2nd quarter valued at $49,204,000. Investment Management Corp of Ontario boosted its position in shares of Manhattan Associates by 171.5% in the 2nd quarter. Investment Management Corp of Ontario now owns 4,580 shares of the software maker’s stock worth $904,000 after purchasing an additional 2,893 shares in the last quarter. AXA S.A. grew its stake in Manhattan Associates by 65.2% during the 2nd quarter. AXA S.A. now owns 72,807 shares of the software maker’s stock worth $14,377,000 after buying an additional 28,741 shares during the last quarter. Finally, L2 Asset Management LLC acquired a new position in Manhattan Associates during the 2nd quarter valued at about $688,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $174.87 on Thursday. The stock’s 50 day simple moving average is $184.58 and its 200-day simple moving average is $198.17. The stock has a market cap of $10.54 billion, a P/E ratio of 49.82 and a beta of 1.02. 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 firm had revenue of $275.80 million for 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 firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MANH shares. Stifel Nicolaus dropped their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Raymond James Financial decreased their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Barclays decreased their target price on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. One 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 stock. According to MarketBeat.com, 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.