Illinois Municipal Retirement Fund Has $3.95 Million Holdings in Manhattan Associates, Inc. $MANH

Illinois Municipal Retirement Fund lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,022 shares of the software maker’s stock after selling 3,146 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Manhattan Associates were worth $3,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB increased its position in Manhattan Associates by 50.0% in the 2nd quarter. Swedbank AB now owns 1,199,969 shares of the software maker’s stock valued at $236,958,000 after acquiring an additional 399,969 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Manhattan Associates by 101.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock valued at $190,415,000 after purchasing an additional 554,840 shares during the last quarter. Northern Trust Corp increased its position in shares of Manhattan Associates by 6.3% during the first quarter. Northern Trust Corp now owns 809,894 shares of the software maker’s stock worth $140,144,000 after buying an additional 48,074 shares during the period. AQR Capital Management LLC lifted its holdings in Manhattan Associates by 103.0% in the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock valued at $116,872,000 after buying an additional 347,358 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Manhattan Associates by 1,214.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after buying an additional 559,923 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Up 0.1%

MANH opened at $175.34 on Thursday. The stock has a market capitalization of $10.57 billion, a P/E ratio of 49.95 and a beta of 1.08. The stock has a 50-day moving average price of $199.71 and a 200-day moving average price of $199.77. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. The company had revenue of $275.80 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $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 year.

Analyst Ratings Changes

A number of analysts recently commented on MANH shares. DA Davidson set a $250.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Citigroup restated a “neutral” rating and set a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Truist Financial set a $230.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. UBS Group set a $240.00 target price on Manhattan Associates in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $222.83.

About Manhattan Associates

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.