Allianz Asset Management GmbH Has $11.36 Million Stake in Manhattan Associates, Inc. $MANH

Allianz Asset Management GmbH raised its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 33.8% in the third quarter, Holdings Channel reports. The fund owned 55,421 shares of the software maker’s stock after purchasing an additional 14,013 shares during the quarter. Allianz Asset Management GmbH’s holdings in Manhattan Associates were worth $11,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Manhattan Associates by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,928,053 shares of the software maker’s stock valued at $380,733,000 after purchasing 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. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Manhattan Associates by 88.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after buying an additional 314,112 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Manhattan Associates by 86.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock valued at $138,573,000 after acquiring an additional 312,858 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Manhattan Associates during the 2nd quarter valued at $49,204,000. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $145.07 on Monday. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 40.30 and a beta of 1.04. Manhattan Associates, Inc. has a 52-week low of $127.86 and a 52-week high of $247.22. The firm has a 50 day moving average price of $169.63 and a two-hundred day moving average price of $190.31.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The company had revenue of $270.39 million during the quarter, compared to analysts’ expectations of $264.69 million. During the same period in the prior year, the company posted $1.17 earnings per share. Manhattan Associates’s revenue for the quarter was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Ratings Changes

MANH has been the subject of a number of recent research reports. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday, January 15th. UBS Group set a $240.00 price target on Manhattan Associates in a report on Wednesday, October 22nd. Raymond James Financial dropped their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Stifel Nicolaus reduced their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Morgan Stanley dropped their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

About Manhattan Associates

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.