Cwm LLC Has $11.22 Million Position in Manhattan Associates, Inc. $MANH

Cwm LLC raised its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 62.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,715 shares of the software maker’s stock after purchasing an additional 21,013 shares during the quarter. Cwm LLC owned 0.09% of Manhattan Associates worth $11,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Manhattan Associates by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after buying an additional 1,243,390 shares during the last quarter. Norges Bank acquired a new position in Manhattan Associates in the 2nd quarter valued at approximately $162,545,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Manhattan Associates by 1,214.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after acquiring an additional 559,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Manhattan Associates by 101.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock valued at $190,415,000 after acquiring an additional 554,840 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Manhattan Associates by 116.8% during the first quarter. Swedbank AB now owns 800,000 shares of the software maker’s stock worth $138,432,000 after purchasing an additional 430,981 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Up 0.6%

Shares of NASDAQ MANH opened at $176.35 on Monday. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $299.27. The firm has a market cap of $10.63 billion, a PE ratio of 50.24 and a beta of 1.02. The company’s fifty day simple moving average is $178.47 and its 200 day simple moving average is $196.99.

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, topping analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The company had revenue of $275.80 million for the quarter, compared to analysts’ expectations of $271.66 million. During the same quarter in the prior year, the firm earned $1.35 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, equities analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. DA Davidson set a $250.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Stifel Nicolaus lowered their price objective on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Raymond James Financial cut their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Morgan Stanley set a $200.00 target price on shares of Manhattan Associates and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.42.

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.