Manhattan Associates, Inc. $MANH is Pembroke Management LTD’s 10th Largest Position

Pembroke Management LTD increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 163,006 shares of the software maker’s stock after purchasing an additional 40,232 shares during the period. Manhattan Associates accounts for approximately 3.3% of Pembroke Management LTD’s investment portfolio, making the stock its 10th biggest position. Pembroke Management LTD owned approximately 0.27% of Manhattan Associates worth $33,413,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after acquiring an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Manhattan Associates by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after purchasing an additional 41,571 shares in the last quarter. Empowered Funds LLC acquired a new position in Manhattan Associates in the 1st quarter valued at $987,000. Focus Partners Wealth raised its stake in Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its holdings in Manhattan Associates by 83.2% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,167 shares of the software maker’s stock valued at $823,000 after purchasing an additional 1,892 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Down 1.3%

Shares of MANH opened at $173.28 on Friday. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $299.27. The firm has a market capitalization of $10.44 billion, a P/E ratio of 49.37 and a beta of 1.02. The firm has a 50-day moving average price of $174.43 and a 200 day moving average price of $194.93.

Manhattan Associates (NASDAQ:MANH) last posted 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 net margin of 20.25% and a return on equity of 78.80%. The company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same period in the previous year, the business posted $1.35 EPS. Manhattan Associates’s 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. Equities research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MANH shares. Truist Financial set a $240.00 target price on shares of Manhattan Associates in a report on Thursday. 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 research report on Monday. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $208.00 in a research note on Thursday. Morgan Stanley cut their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Finally, UBS Group set a $240.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $220.83.

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.