Manhattan Associates (MANH)

• Market cap: $17.2B
• 1 day: 3.16%
• 5 days: 6.08%
• 1 month: 1.17%
• 3 months: -4.55%
• 6 months: 25.29%
• Year to date: 4.92%
• 1 year: 25.71%
• 5 years: 234.85%
• 10 years: 544.31%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.

Employees: 4,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

98% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 42

36% more call options, than puts

Call options by funds: $48.6M | Put options by funds: $35.7M

20% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]

12% more capital invested

Capital invested by funds: $15.3B [Q2] → $17.2B (+$1.9B) [Q3]

6% more funds holding

Funds holding: 575 [Q2] → 608 (+33) [Q3]

8% more repeat investments, than reductions

Existing positions increased: 228 | Existing positions reduced: 212

1.0% less ownership

Funds ownership: 100.51% [Q2] → 99.51% (-1.0%) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $304 8% upside
• Avg. target: $311 10% upside
• High target: $326 16% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Citigroup George Kurosawa 50% 1-year accuracy 1 / 2 met price target	8% upside $306	Neutral Maintained	16 Dec 2024
Piper Sandler Quinton Gabrielli 0% 1-year accuracy 0 / 1 met price target	16% upside $326	Overweight Initiated	25 Nov 2024
DA Davidson Gil Luria 63% 1-year accuracy 29 / 46 met price target	12% upside $315	Buy Maintained	23 Oct 2024
Raymond James Brian Peterson 50% 1-year accuracy 11 / 22 met price target	8% upside $305	Outperform Maintained	23 Oct 2024
Baird Joe Vruwink 38% 1-year accuracy 16 / 42 met price target	8% upside $304	Outperform Maintained	22 Oct 2024