Earned Wealth Advisors LLC Makes New Investment in Manhattan Associates, Inc. $MANH

by · The Markets Daily

Earned Wealth Advisors LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,031 shares of the software maker’s stock, valued at approximately $204,000.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC lifted its holdings in shares of Manhattan Associates by 907.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Manhattan Associates by 117.0% in the 2nd 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. lifted its holdings in shares of Manhattan Associates by 1,000.0% in the 2nd 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 period. Brooklyn Investment Group lifted its holdings in shares of Manhattan Associates by 70.1% in the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after buying an additional 148 shares during the period. Finally, Reyes Financial Architecture Inc. lifted its holdings in shares of Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after buying an additional 142 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $182.07 on Friday. The stock has a fifty day moving average of $205.61 and a two-hundred day moving average of $198.91. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 51.87 and a beta of 1.12. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Manhattan Associates (NASDAQ:MANH – Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share 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 return on equity of 78.80% and a net margin of 20.25%.Manhattan Associates’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent analyst reports. Citigroup reissued a “neutral” rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. 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 research note on Wednesday, October 22nd. Barclays dropped their price objective on Manhattan Associates from $247.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. Finally, UBS Group set a $240.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd. One equities research 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. According to MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $222.83.

Check Out Our Latest Stock Analysis on Manhattan Associates

Manhattan Associates Company Profile

(Free Report)

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.

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