Quantbot Technologies LP Sells 29,696 Shares of Manhattan Associates, Inc. $MANH

Quantbot Technologies LP lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 71.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,626 shares of the software maker’s stock after selling 29,696 shares during the quarter. Quantbot Technologies LP’s holdings in Manhattan Associates were worth $2,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MANH. Whipplewood Advisors LLC lifted its position in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock worth $45,000 after buying an additional 124 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after buying an additional 280 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after buying an additional 148 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after buying an additional 276 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research report on Wednesday, October 22nd. DA Davidson set a $250.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd. Barclays cut their target price on Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Stifel Nicolaus reduced their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Morgan Stanley set a $200.00 target price on Manhattan Associates and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. 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 Price Performance

Manhattan Associates stock opened at $179.69 on Friday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 51.19 and a beta of 1.02. The firm has a 50-day moving average of $186.30 and a 200-day moving average of $198.37. Manhattan Associates, Inc. has a one year low of $140.81 and a one year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The business had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. Manhattan Associates’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. As a group, sell-side analysts expect 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.