Manhattan Associates, Inc. $MANH Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 181.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,928,053 shares of the software maker’s stock after buying an additional 1,243,390 shares during the quarter. AQR Capital Management LLC’s holdings in Manhattan Associates were worth $380,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. increased its holdings in shares of Manhattan Associates by 1.5% in the second quarter. Alliancebernstein L.P. now owns 2,283,580 shares of the software maker’s stock valued at $450,939,000 after buying an additional 34,205 shares in the last quarter. Swedbank AB grew its position in Manhattan Associates by 50.0% during the second quarter. Swedbank AB now owns 1,199,969 shares of the software maker’s stock valued at $236,958,000 after purchasing an additional 399,969 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Manhattan Associates by 101.7% during the first 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. Norges Bank purchased a new stake in shares of Manhattan Associates during the 2nd quarter worth about $162,545,000. Finally, Northern Trust Corp raised its stake in shares of Manhattan Associates by 6.3% during the 1st quarter. Northern Trust Corp now owns 809,894 shares of the software maker’s stock worth $140,144,000 after purchasing an additional 48,074 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MANH shares. DA Davidson set a $250.00 price objective on Manhattan Associates in a report on Wednesday, October 22nd. Stifel Nicolaus dropped their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Barclays decreased their price objective on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Finally, UBS Group set a $240.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.42.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $173.73 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $309.52. The firm has a fifty day moving average price of $183.46 and a two-hundred day moving average price of $197.92. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 49.50 and a beta of 1.02.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The business had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same period in the previous year, the company posted $1.35 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, sell-side analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Manhattan Associates 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.