Simon Quick Advisors LLC Purchases Shares of 1,291 Manhattan Associates, Inc. $MANH

Simon Quick Advisors LLC acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,291 shares of the software maker’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Manhattan Associates by 22.1% in the second quarter. Assetmark Inc. now owns 1,010 shares of the software maker’s stock worth $199,000 after purchasing an additional 183 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Manhattan Associates by 1,000.0% in the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after purchasing an additional 280 shares in the last quarter. World Investment Advisors acquired a new position in Manhattan Associates in the second quarter worth $367,000. Motley Fool Asset Management LLC boosted its stake in Manhattan Associates by 7.6% in the second quarter. Motley Fool Asset Management LLC now owns 1,677 shares of the software maker’s stock worth $331,000 after purchasing an additional 118 shares in the last quarter. Finally, SYM FINANCIAL Corp acquired a new position in Manhattan Associates in the second quarter worth $338,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MANH shares. UBS Group set a $240.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd. Loop Capital upped 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. Barclays cut their price target on Manhattan Associates from $247.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird upped their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Finally, Zacks Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $222.83.

Manhattan Associates Trading Down 0.3%

NASDAQ:MANH opened at $181.56 on Tuesday. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The business’s 50-day moving average price is $204.94 and its two-hundred day moving average price is $199.55. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 51.73 and a beta of 1.12.

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

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.