Pembroke Management LTD Acquires 40,232 Shares of Manhattan Associates, Inc. $MANH

Pembroke Management LTD lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 32.8% in the third quarter, HoldingsChannel.com reports. The firm owned 163,006 shares of the software maker’s stock after acquiring an additional 40,232 shares during the quarter. Manhattan Associates accounts for about 3.3% of Pembroke Management LTD’s investment portfolio, making the stock its 10th largest holding. Pembroke Management LTD’s holdings in Manhattan Associates were worth $33,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC lifted its position in Manhattan Associates by 907.7% in the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the last quarter. Eastern Bank purchased a new stake in shares of Manhattan Associates in the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. lifted its holdings in shares of Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after acquiring an additional 280 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Manhattan Associates by 127.7% in 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 last quarter. Finally, Employees Retirement System of Texas purchased a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $99,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Down 1.3%

Shares of NASDAQ MANH opened at $173.28 on Friday. The stock has a market cap of $10.44 billion, a P/E ratio of 49.37 and a beta of 1.02. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $299.27. The business’s fifty day simple moving average is $174.43 and its 200-day simple moving average is $194.93.

Manhattan Associates (NASDAQ:MANH) last released its 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 during the quarter, compared to analysts’ expectations 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 firm posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MANH. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. DA Davidson set a $250.00 price objective on Manhattan Associates in a research note on Wednesday, October 22nd. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $208.00 in a report on Thursday. Zacks Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Stifel Nicolaus dropped their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.83.

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.