Azzad Asset Management Inc. ADV Has $1.22 Million Stock Position in Manhattan Associates, Inc. $MANH

Azzad Asset Management Inc. ADV boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 216.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,927 shares of the software maker’s stock after purchasing an additional 4,054 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Manhattan Associates were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Midwest Professional Planners LTD. lifted its holdings in Manhattan Associates by 1.9% in the second quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock valued at $563,000 after buying an additional 53 shares during the period. NewEdge Advisors LLC raised its position in shares of Manhattan Associates by 3.3% during the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after acquiring an additional 59 shares during the last quarter. Archer Investment Corp lifted its stake in shares of Manhattan Associates by 8.6% in the 3rd quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after purchasing an additional 62 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Manhattan Associates by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after purchasing an additional 67 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Manhattan Associates by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock worth $846,000 after purchasing an additional 76 shares during the period. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH opened at $145.07 on Monday. The firm has a market cap of $8.68 billion, a P/E ratio of 40.30 and a beta of 1.04. Manhattan Associates, Inc. has a twelve month low of $127.86 and a twelve month high of $247.22. The firm’s 50 day moving average price is $169.63 and its two-hundred day moving average price is $190.31.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data 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. The company had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MANH shares. Raymond James Financial reduced their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Morgan Stanley reduced their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. DA Davidson cut their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Stifel Nicolaus reduced their price target 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. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.75.

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.