Pacer Advisors Inc. Boosts Holdings in Manhattan Associates, Inc. $MANH

by · The Cerbat Gem

Pacer Advisors Inc. raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 343.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,425 shares of the software maker’s stock after acquiring an additional 122,711 shares during the period. Pacer Advisors Inc. owned approximately 0.26% of Manhattan Associates worth $32,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after purchasing an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted 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 valued at $45,000 after buying an additional 124 shares during the period. 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 buying an additional 280 shares during the last quarter. Allworth Financial LP raised 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 during the period. Finally, Bayforest Capital Ltd lifted its stake in shares of 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 acquiring an additional 276 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

MANH has been the topic of several research analyst reports. Zacks Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. DA Davidson set a $250.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Finally, Citigroup dropped their target price on shares of Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $222.42.

Check Out Our Latest Research Report on MANH

Manhattan Associates Stock Performance

NASDAQ MANH opened at $176.35 on Friday. The company has a market cap of $10.63 billion, a PE ratio of 50.24 and a beta of 1.02. The firm’s 50 day moving average price is $178.47 and its 200-day moving average price is $196.91. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $299.27.

Manhattan Associates (NASDAQ:MANH – Get Free Report) last posted its earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, topping 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 return on equity of 78.80% and a net margin of 20.25%.Manhattan Associates’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Manhattan Associates Company Profile

(Free Report)

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.

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