Symphony Financial Ltd. Co. Purchases New Position in Manhattan Associates, Inc. $MANH

Symphony Financial Ltd. Co. acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 2nd quarter, Holdings Channel reports. The fund acquired 123,284 shares of the software maker’s stock, valued at approximately $24,345,000.

Several other large investors have also recently bought and sold shares of MANH. Swedbank AB boosted its position in shares of Manhattan Associates by 50.0% during the second quarter. Swedbank AB now owns 1,199,969 shares of the software maker’s stock worth $236,958,000 after purchasing an additional 399,969 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Manhattan Associates by 101.7% during the 1st 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 buying an additional 554,840 shares during the period. Northern Trust Corp lifted its holdings in Manhattan Associates by 6.3% during the first quarter. Northern Trust Corp now owns 809,894 shares of the software maker’s stock worth $140,144,000 after acquiring an additional 48,074 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Manhattan Associates by 103.0% during the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock worth $116,872,000 after acquiring an additional 347,358 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Manhattan Associates by 1,214.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock worth $104,869,000 after acquiring an additional 559,923 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Up 0.5%

NASDAQ MANH opened at $178.23 on Monday. The firm’s 50 day moving average is $198.32 and its 200-day moving average is $199.97. The company has a market capitalization of $10.74 billion, a PE ratio of 50.78 and a beta of 1.08. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

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 analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. During the same quarter last year, the firm earned $1.35 earnings per share. The firm’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. As a group, sell-side analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group set a $240.00 price target on 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. DA Davidson set a $250.00 price target on shares of Manhattan Associates in a report on Wednesday, October 22nd. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. Finally, Loop Capital upped their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, July 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.