Caxton Associates LLP Acquires Shares of 16,907 Manhattan Associates, Inc. $MANH

Caxton Associates LLP acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,907 shares of the software maker’s stock, valued at approximately $3,339,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its holdings 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 worth $26,000 after acquiring an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted 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 worth $45,000 after purchasing an additional 124 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after buying an additional 280 shares during the period. Brooklyn Investment Group grew 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 valued at $62,000 after buying an additional 148 shares during the last quarter. Finally, Bayforest Capital Ltd raised its holdings in shares of Manhattan Associates by 126.6% in the first 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 period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $173.73 on Monday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $309.52. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 49.50 and a beta of 1.02. The company’s 50-day simple moving average is $183.46 and its two-hundred day simple moving average is $198.04.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, beating 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 net margin of 20.25% and a return on equity of 78.80%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MANH. Morgan Stanley set a $200.00 price objective on Manhattan Associates and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Barclays cut their price target on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. Finally, DA Davidson set a $250.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target 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.