AQR Capital Management LLC Grows Stock Position in Manhattan Associates, Inc. $MANH

AQR Capital Management LLC raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 181.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,928,053 shares of the software maker’s stock after acquiring an additional 1,243,390 shares during the period. AQR Capital Management LLC owned approximately 3.19% of Manhattan Associates worth $380,733,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in shares of Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after purchasing an additional 124 shares during the period. Hantz Financial Services Inc. increased its position in Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares during the period. Brooklyn Investment Group raised its stake in shares of Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares during the last quarter. Finally, Bayforest Capital Ltd raised its position in Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after buying an additional 276 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Up 0.3%

MANH stock opened at $173.73 on Friday. The business has a fifty day simple moving average of $183.46 and a 200-day simple moving average of $197.92. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 49.50 and a beta of 1.02. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $309.52.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.18. The firm 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 firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on MANH. Truist Financial set a $230.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. Raymond James Financial lowered their target price on 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 target on Manhattan Associates in a report on Wednesday, October 22nd. Finally, DA Davidson set a $250.00 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. Based on data from MarketBeat, the company currently has a consensus 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.