Geode Capital Management LLC Has $312.45 Million Position in Manhattan Associates, Inc. $MANH

Geode Capital Management LLC decreased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 5.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,576,079 shares of the software maker’s stock after selling 84,684 shares during the period. Geode Capital Management LLC’s holdings in Manhattan Associates were worth $312,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MANH. Pembroke Management LTD raised its position in shares of Manhattan Associates by 65.3% in the second quarter. Pembroke Management LTD now owns 122,774 shares of the software maker’s stock valued at $24,244,000 after purchasing an additional 48,489 shares during the period. Davidson Capital Management Inc. raised its holdings in Manhattan Associates by 35.8% in the 2nd quarter. Davidson Capital Management Inc. now owns 15,908 shares of the software maker’s stock valued at $3,141,000 after acquiring an additional 4,190 shares during the period. Allworth Financial LP lifted its position in Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares during the last quarter. ProShare Advisors LLC lifted its position in Manhattan Associates by 3.3% during the second quarter. ProShare Advisors LLC now owns 2,692 shares of the software maker’s stock worth $532,000 after acquiring an additional 87 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Manhattan Associates during the second quarter worth approximately $3,273,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Up 0.5%

MANH opened at $178.23 on Monday. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 50.78 and a beta of 1.08. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The company has a 50-day simple moving average of $198.32 and a 200 day simple moving average of $199.97.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $271.66 million. During the same period in the previous year, the company earned $1.35 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Loop Capital boosted their price target on Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, July 22nd. Raymond James Financial dropped their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Barclays decreased their price target on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Finally, Truist Financial set a $230.00 target price on shares of Manhattan Associates in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.42.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.