M&G PLC Has $51.23 Million Stock Position in Manhattan Associates, Inc. $MANH

M&G PLC cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 20.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,034 shares of the software maker’s stock after selling 68,054 shares during the period. M&G PLC owned about 0.43% of Manhattan Associates worth $51,227,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MANH. Whipplewood Advisors LLC increased its stake in shares of Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Manhattan Associates by 117.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock worth $45,000 after purchasing an additional 124 shares in the last quarter. Hantz Financial Services Inc. grew 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 valued at $61,000 after purchasing an additional 280 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Manhattan Associates by 70.1% in the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after buying an additional 276 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH opened at $175.13 on Wednesday. The stock has a 50 day simple moving average of $200.35 and a 200 day simple moving average of $199.94. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The firm has a market capitalization of $10.55 billion, a PE ratio of 49.89 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.18. The company had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 earnings per share. 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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. DA Davidson set a $250.00 price objective on Manhattan Associates in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. Truist Financial set a $230.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. Raymond James Financial dropped their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus lowered their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.83.

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.