Manhattan Associates Inc., frequently abbreviated as MANH, is a notable technology leader in supply chain and omnichannel commerce. Founded in 1990 and headquartered in Atlanta, Georgia, USA, the company operates with the vision of pushing boundaries to create the most promising opportunities for their clients across retail, manufacturing, wholesale and more.
Manhattan Associates Inc. offers a robust suite of services that manage the most complex supply chains in a streamlined and efficient manner. The core solutions include Supply Chain Management (SCM), Inventory Management (IM), Order Management (OM), and Customer Engagement (CE). These solutions aim to organize the demands of the marketplace, offering enterprises the ability to predict and shape demand, optimize inventory and fulfill customers' expectations.
The company has consistently been at the forefront of technology innovation with their adoption and effective use of machine learning and artificial intelligence in their solutions. Its groundbreaking product, Manhattan Active® Solutions, ensures its clients remain agile in the face of change and disruption. This is a revolutionary supply chain and omnichannel commerce solution that brings together all aspects of the business – from orders to warehouse management to store fulfillment functions – onto a single, cloud-native platform.
Importantly, the company’s reputation is underpinned by its broad clientele list, which includes well-respected companies in every key sector throughout the world. Customers such as Levis Strauss & Co., David Jones, and JD sports reflect the trust and credibility Manhattan Associates has built over the years.
In terms of financial performance, MANH has consistently demonstrated strong results. In 2020, despite a global pandemic, it reported net revenues of nearly $600 million. This can be partially attributed to the company’s emphasis on research and development, which is central to its strategy of staying on top of technological trends and ensuring they offer the best possible solutions to their customers.
Overall, Manhattan Associates Inc. is recognized as a pioneer and a trusted partner in the world of supply chain management and omnichannel commerce. Its dedication to innovation and customer satisfaction has solidified its status as a leading company in the industry.
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Sell-side analysts have given Manhattan Associates, Inc. (NASDAQ:MANH) a "Moderate Buy" rating, with an average 12-month price target of $217.20. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.39 EPS and $297.79 million in revenue. Institutional investors hold a significant majority of the shares, although some executives have recently sold portions of their holdings.
Corient Private Wealth LP significantly increased its stake in Manhattan Associates (NASDAQ:MANH) by 164.6% in the second quarter. The company has a "Moderate Buy" consensus rating from analysts with an average price target of $217.20, and recently surpassed quarterly earnings expectations with $1.39 EPS and $297.79 million in revenue. Insider selling by EVP James Gantt and CEO Eric Clark was also reported.
HB Wealth Management LLC significantly reduced its stake in Manhattan Associates (NASDAQ:MANH) by 55.7% in the second quarter. Despite this reduction, other institutional investors like BlackRock, T. Rowe Price, AQR Capital, Morgan Stanley, and Geode Capital increased their holdings, indicating continued institutional interest. Analysts maintain a "Moderate Buy" rating for MANH with a consensus price target of $217.20, following the company's strong performance in its last quarterly earnings, which surpassed revenue and EPS estimates.
The California State Teachers Retirement System significantly increased its stake in Manhattan Associates by 13,428.1% to 9.49 million shares, valued at approximately $1.32 billion. Institutional investors now own 98.45% of the software maker's stock. Manhattan Associates recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, contributing to a "Moderate Buy" consensus rating among analysts.
Amundi reduced its stake in Manhattan Associates (MANH) by 15.4% in the second quarter, selling 69,874 shares but still retaining 384,221 shares valued at approximately $53.5 million. Despite insider selling by the CEO and EVP, analysts maintain a "Moderate Buy" rating with an average target price of $217.20, and the company exceeded quarterly earnings and revenue expectations. Institutional investors collectively own a significant 98.45% of the company's stock.
Engineers Gate Manager LP significantly increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, purchasing an additional 123,418 shares and bringing its total holding to 132,846 shares valued at $18.5 million. This comes as institutional investors now own 98.45% of the company. Manhattan Associates also reported strong Q2 earnings, beating analyst estimates for EPS and revenue, though company insiders have recently sold shares.
Virginia Retirement Systems recently purchased 196,255 shares of Manhattan Associates (NASDAQ:MANH) valued at approximately $27.3 million, contributing to the 98.45% institutional ownership of the company. Despite positive quarterly results where Manhattan Associates exceeded revenue and EPS expectations, company insiders sold a significant number of shares. Analysts generally maintain a "Moderate Buy" rating with a target price of $213.40, indicating a positive but cautious outlook.