Allianz Asset Management GmbH Buys 14,013 Shares of Manhattan Associates, Inc. $MANH

Allianz Asset Management GmbH grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,421 shares of the software maker’s stock after purchasing an additional 14,013 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.09% of Manhattan Associates worth $11,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MANH. Alliancebernstein L.P. raised its holdings in Manhattan Associates by 1.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,283,580 shares of the software maker’s stock valued at $450,939,000 after acquiring an additional 34,205 shares during the period. AQR Capital Management LLC grew its position in shares of Manhattan Associates by 181.6% in 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 purchasing an additional 1,243,390 shares during the last quarter. Norges Bank bought a new position in shares of Manhattan Associates during the second quarter worth approximately $162,545,000. Massachusetts Financial Services Co. MA lifted its holdings in Manhattan Associates by 86.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock worth $138,573,000 after purchasing an additional 312,858 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Manhattan Associates by 88.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after purchasing an additional 314,112 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial set a $240.00 price objective on Manhattan Associates in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. DA Davidson cut their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Stifel Nicolaus decreased their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Barclays dropped their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Trading Up 4.9%

Shares of NASDAQ:MANH opened at $145.07 on Monday. The firm has a 50 day moving average of $169.63 and a 200-day moving average of $190.31. The stock has a market capitalization of $8.68 billion, a PE ratio of 40.30 and a beta of 1.04. Manhattan Associates, Inc. has a 12 month low of $127.86 and a 12 month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business had revenue of $270.39 million for the quarter, compared to analyst estimates of $264.69 million. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

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.