Abacus FCF Advisors LLC Acquires 11,043 Shares of Manhattan Associates, Inc. $MANH

Abacus FCF Advisors LLC grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 33.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,475 shares of the software maker’s stock after buying an additional 11,043 shares during the period. Abacus FCF Advisors LLC owned 0.07% of Manhattan Associates worth $9,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Manhattan Associates by 181.6% during the second quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after acquiring an additional 1,243,390 shares in the last quarter. Norges Bank bought a new position in shares of Manhattan Associates during the 2nd quarter valued at about $162,545,000. Jacobs Levy Equity Management Inc. grew its position 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 purchasing an additional 559,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 purchasing an additional 554,840 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of Manhattan Associates by 116.8% in 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 last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

MANH has been the subject of a number of research reports. Barclays dropped their price target on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Citigroup lowered their target price on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Truist Financial set a $230.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Finally, Raymond James Financial reduced their target price on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.42.

Manhattan Associates Stock Down 0.0%

MANH opened at $176.29 on Tuesday. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $299.27. The stock’s fifty day moving average is $178.00 and its two-hundred day moving average is $196.88. The company has a market capitalization of $10.62 billion, a P/E ratio of 50.23 and a beta of 1.02.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. The business 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 revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Equities analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Manhattan Associates Profile

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.