Strategic Advisors LLC Purchases New Position in Manhattan Associates, Inc. $MANH

Strategic Advisors LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,447 shares of the software maker’s stock, valued at approximately $707,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Midwest Professional Planners LTD. raised its holdings in shares of 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 acquiring an additional 53 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares in the last quarter. Archer Investment Corp lifted its position 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 worth $161,000 after purchasing an additional 62 shares during the period. Quent Capital LLC boosted its stake in shares of Manhattan Associates by 3.5% during the second quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock valued at $384,000 after purchasing an additional 65 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 valued at $846,000 after buying an additional 76 shares during the period. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Price Performance

Shares of MANH opened at $161.14 on Thursday. The company’s fifty day moving average price is $173.64 and its 200-day moving average price is $193.21. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $247.22. The firm has a market capitalization of $9.71 billion, a PE ratio of 45.91 and a beta of 1.02.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 78.13% and a net margin of 20.34%.The business had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MANH has been the topic of several recent research reports. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Morgan Stanley cut their target price on 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. Stifel Nicolaus decreased their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Barclays lowered their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, DA Davidson reduced their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.