Cerity Partners LLC Has $20.46 Million Stock Holdings in Manhattan Associates, Inc. $MANH

Cerity Partners LLC boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 11.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 99,820 shares of the software maker’s stock after purchasing an additional 10,526 shares during the period. Cerity Partners LLC owned about 0.17% of Manhattan Associates worth $20,461,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. lifted its position in shares of Manhattan Associates by 1.5% in the second quarter. Alliancebernstein L.P. now owns 2,283,580 shares of the software maker’s stock valued at $450,939,000 after buying an additional 34,205 shares during the last quarter. AQR Capital Management LLC raised its stake 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 acquiring an additional 1,243,390 shares during the period. Swedbank AB lifted its holdings in Manhattan Associates by 50.0% during the 2nd quarter. Swedbank AB now owns 1,199,969 shares of the software maker’s stock valued at $236,958,000 after purchasing an additional 399,969 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 worth $190,415,000 after purchasing an additional 554,840 shares during the period. Finally, Norges Bank acquired a new position in shares of Manhattan Associates in the second quarter valued at $162,545,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $175.64 on Friday. The firm has a market cap of $10.58 billion, a PE ratio of 50.04 and a beta of 1.02. The stock’s fifty day moving average price is $174.86 and its two-hundred day moving average price is $195.65. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $299.27.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.18. The company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.Manhattan Associates’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Sell-side analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MANH. DA Davidson set a $250.00 target price on shares of Manhattan Associates in a research note on Wednesday, October 22nd. UBS Group set a $240.00 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 report on Wednesday, October 8th. Morgan Stanley lowered their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Truist Financial lifted their price target on Manhattan Associates from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, January 5th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $220.33.

Manhattan Associates Company 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.