Cerity Partners LLC Has $20.46 Million Stock Position in Manhattan Associates, Inc. $MANH

Cerity Partners LLC boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,820 shares of the software maker’s stock after purchasing an additional 10,526 shares during the period. Cerity Partners LLC’s holdings in Manhattan Associates were worth $20,461,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Manhattan Associates by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock worth $380,733,000 after acquiring an additional 1,243,390 shares during the last quarter. Norges Bank acquired a new position in shares of Manhattan Associates during the second quarter worth $162,545,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Manhattan Associates by 101.7% in 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 worth $190,415,000 after purchasing an additional 554,840 shares during the last quarter. Swedbank AB increased its holdings in Manhattan Associates by 116.8% in the first quarter. Swedbank AB now owns 800,000 shares of the software maker’s stock valued at $138,432,000 after purchasing an additional 430,981 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Manhattan Associates during the 2nd quarter worth $49,204,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MANH shares. Truist Financial upped their price target on Manhattan Associates from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, January 5th. Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley decreased their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday. Citigroup dropped their price target on shares of Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average price target of $220.33.

Manhattan Associates Stock Performance

Shares of MANH opened at $175.64 on Friday. The firm has a market cap of $10.58 billion, a PE ratio of 50.04 and a beta of 1.02. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $299.27. The business’s 50 day moving average price is $174.86 and its two-hundred day moving average price is $195.65.

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

Manhattan Associates Company Profile

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.