Manhattan Associates, Inc. $MANH Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 180.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,142 shares of the software maker’s stock after purchasing an additional 3,952 shares during the quarter. Tributary Capital Management LLC’s holdings in Manhattan Associates were worth $1,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC lifted its position in Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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. increased its stake in shares of Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares during the last quarter. Bayforest Capital Ltd increased 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 valued at $85,000 after acquiring an additional 276 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Manhattan Associates by 127.7% during the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

MANH has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. Morgan Stanley dropped their price objective on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday. Stifel Nicolaus cut their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. UBS Group set a $240.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. Finally, Truist Financial upped their price target on Manhattan Associates from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average target price of $220.33.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $173.07 on Thursday. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $299.27. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 49.31 and a beta of 1.02. The business has a 50-day moving average of $175.11 and a 200-day moving average of $195.92.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. The firm had revenue of $275.80 million for 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 for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates 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.