Manhattan Associates, Inc. $MANH Stock Holdings Lifted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,600 shares of the software maker’s stock after acquiring an additional 6,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.24% of Manhattan Associates worth $29,435,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MANH. Whipplewood Advisors LLC boosted its holdings in shares of Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 acquiring an additional 124 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after acquiring an additional 280 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after acquiring an additional 276 shares during the period. Finally, Allworth Financial LP grew its position in shares of Manhattan Associates by 127.7% in the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $174.75 on Wednesday. The firm has a market capitalization of $10.53 billion, a P/E ratio of 49.79 and a beta of 1.02. The stock has a fifty day moving average price of $177.40 and a two-hundred day moving average price of $196.77. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $299.27.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. The business had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.Manhattan Associates’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MANH. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. Citigroup cut their price target on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, UBS Group set a $240.00 target price on shares of Manhattan Associates in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.42.

Manhattan Associates 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.