Manhattan Associates, Inc. $MANH Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,761 shares of the software maker’s stock after selling 19,539 shares during the period. Nordea Investment Management AB owned 0.18% of Manhattan Associates worth $22,885,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Manhattan Associates by 88.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock worth $136,871,000 after acquiring an additional 314,112 shares during the period. Visionary Horizons LLC acquired a new position in Manhattan Associates during the 3rd quarter valued at about $694,000. Tributary Capital Management LLC grew its position in Manhattan Associates by 180.5% in the 3rd quarter. Tributary Capital Management LLC now owns 6,142 shares of the software maker’s stock worth $1,259,000 after purchasing an additional 3,952 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Manhattan Associates by 87.0% in the third quarter. SG Americas Securities LLC now owns 10,422 shares of the software maker’s stock valued at $2,136,000 after purchasing an additional 4,849 shares during the period. Finally, HB Wealth Management LLC increased its stake in shares of Manhattan Associates by 6.2% in the third quarter. HB Wealth Management LLC now owns 15,040 shares of the software maker’s stock valued at $3,083,000 after purchasing an additional 882 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MANH shares. Truist Financial set a $240.00 price objective on Manhattan Associates in a research report on Thursday. DA Davidson set a $250.00 price target on Manhattan Associates in a research report on Wednesday, October 22nd. Barclays decreased their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $208.00 in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.83.

Manhattan Associates Stock Up 1.2%

Shares of Manhattan Associates stock opened at $175.57 on Friday. The business has a fifty day simple moving average of $174.52 and a 200-day simple moving average of $195.10. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $299.27. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 50.02 and a beta of 1.02.

Manhattan Associates (NASDAQ:MANH) last issued 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. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The firm had revenue of $275.80 million for the quarter, compared to analysts’ expectations of $271.66 million. During the same period in the previous year, the business earned $1.35 earnings per share. 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. Analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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.