JPMorgan Chase & Co. Has $52.08 Million Stock Position in Manhattan Associates, Inc. $MANH

JPMorgan Chase & Co. trimmed its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,062 shares of the software maker’s stock after selling 21,487 shares during the period. JPMorgan Chase & Co.’s holdings in Manhattan Associates were worth $52,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Eastern Bank purchased a new stake in Manhattan Associates in the 3rd quarter valued at about $30,000. Hantz Financial Services Inc. raised its holdings 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 valued at $61,000 after acquiring an additional 280 shares during the period. Allworth Financial LP lifted its holdings 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 worth $86,000 after buying an additional 244 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Manhattan Associates in the second quarter worth $99,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Manhattan Associates by 367.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 509 shares of the software maker’s stock worth $104,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MANH shares. Truist Financial set a $240.00 target price on shares of Manhattan Associates in a research report on Thursday, January 15th. DA Davidson decreased their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Barclays dropped their target price on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Finally, Morgan Stanley lowered their price target on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Manhattan Associates Trading Up 1.5%

Shares of NASDAQ:MANH opened at $135.30 on Thursday. The stock has a 50 day moving average of $160.53 and a 200 day moving average of $183.49. The company has a market cap of $8.10 billion, a PE ratio of 37.58 and a beta of 1.04. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The business had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. During the same quarter in the previous year, the company earned $1.17 EPS. The business’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. Equities research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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.