Should Invesco S&P MidCap Momentum ETF (XMMO) Be on Your Investing Radar?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
0mins
Should l Buy MANH?
Source: NASDAQ.COM
Overview of Invesco S&P MidCap Momentum ETF (XMMO): Launched in 2005, XMMO is a passively managed ETF focusing on mid-cap growth stocks, with over $2.43 billion in assets and an annual operating expense of 0.34%. It aims to replicate the performance of the S&P Midcap 400 Momentum Index, showing a return of approximately 52.95% over the past year.
Investment Characteristics and Comparisons: Mid-cap companies generally offer higher growth potential with lower volatility compared to small caps. The ETF has significant allocations in the Industrials sector and includes notable holdings like Manhattan Associates Inc. Investors may also consider similar ETFs such as Vanguard Mid-Cap Growth ETF and iShares Russell Mid-Cap Growth ETF for diversified options.
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Analyst Views on MANH
Wall Street analysts forecast MANH stock price to rise
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 132.690
Low
165.00
Averages
224.57
High
250.00
Current: 132.690
Low
165.00
Averages
224.57
High
250.00
About MANH
Manhattan Associates, Inc. develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates in North and Latin America; Europe, the Middle East and Africa (EMEA); and the Asia Pacific (APAC) regions. It provides companies with the tools needed to manage distribution and optimize transportation costs throughout their entire commercial network. Its solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks holistically across the functions linked in a supply chain from planning through execution. These solutions help to coordinate the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Manhattan Associates Shares Drop Due to AI Assistant Announcement
- Stock Price Decline: Shares of Manhattan Associates fell 5.1% in the afternoon session following Anthropic's announcement that its Claude AI assistant can control computers by mimicking human keystrokes and mouse movements, raising investor concerns about the potential shift of enterprise value from the application layer to the intelligence layer, leaving legacy software providers vulnerable to displacement.
- Market Reaction: Analysts noted that the 'agentic era' could lead to significant margin compression for software companies as they lose pricing power, prompting a more cautious outlook on Manhattan Associates' future performance, even though the stock market tends to overreact to news.
- Buyback Plan Impact: The recent increase in Manhattan Associates' stock repurchase authorization from $100 million to $500 million signals management's confidence in the company's future performance, and while the stock is currently down, the buyback program may enhance the value of remaining shares in the long run.
- Long-term Investment Returns: Despite a 20.6% decline in stock price year-to-date, with shares trading at $132.85, 41.7% below the 52-week high of $227.94, investors who purchased $1,000 worth of shares five years ago would see their investment grow to $1,149, indicating potential long-term returns.
See More
Only 7% of Retailers Are True Unified Commerce Leaders
- Growth Potential: The 2026 Global Unified Commerce Benchmark by Manhattan Associates reveals that true unified commerce leaders achieve nearly 2X revenue growth, highlighting a significant advantage in connecting digital and physical experiences, despite only 7% of retailers reaching this standard.
- AI Reshaping Retail: AI in retail is projected to unlock over $500 billion in value globally by 2030, shifting the focus from simple task automation to intelligent systems that personalize services in real-time and anticipate demand, thereby enhancing customer experiences.
- Changing Consumer Behavior: More than 66% of consumers use two or more channels before completing a purchase, indicating that retailers must adapt to diverse shopping journeys to meet customer needs as they fluidly navigate between marketplaces, social platforms, and their own sites.
- Inventory Management Optimization: Real-time visibility and dynamic allocation have driven inventory turns up by 50% in North America, 45% in EMEA, and 27% in LATAM, helping retailers reduce stockouts and markdowns while enhancing overall operational efficiency.
See More
Rainforest Selects Manhattan Supply Chain Solution for Growth
- Supply Chain Modernization: Rainforest Distribution has selected Manhattan Active® Supply Chain Planning to unify its supply chain functions and transform end-to-end planning processes, thereby enhancing service levels and supporting continued growth.
- Real-Time Visibility: By adopting a single cloud-native platform, Rainforest will gain real-time visibility and continuously balance service levels, costs, and capacity, enabling faster responses to changing customer demands and improving operational efficiency.
- Intelligent Platform Advantage: Manhattan Active Supply Chain Planning enhances forecasting accuracy through AI-driven insights, allowing Rainforest to maintain agility and responsiveness in a complex supply chain environment, ensuring reliable customer service.
- Strategic Partnership: Stewart Gantt from Manhattan Associates stated that this collaboration will help Rainforest unlock new levels of efficiency and build a more resilient, data-driven supply chain, driving the company's strategic growth ambitions.
See More
Manhattan Associates Expands Share Repurchase Program to $500 Million
- Repurchase Program Expansion: Manhattan Associates' Board has approved an increase in its share repurchase program from $100 million to $500 million, effective immediately, demonstrating the company's confidence in future stock performance and aiming to enhance shareholder value.
- Positive Market Reaction: Following the announcement, Manhattan's stock price rose by 3.21% to $148.15, reflecting investor optimism regarding the repurchase plan, which may further drive stock price appreciation.
- Flexible Repurchase Strategy: The company plans to conduct repurchases in the open market or through other means, with management determining the quantity and price based on what is in the best interest of the company, ensuring flexibility and effectiveness in the repurchase program.
- Shareholder Interests Prioritized: By expanding the repurchase program, Manhattan Associates not only boosts market confidence but also signals its commitment to enhancing shareholder returns through capital management, further solidifying its competitive position in the industry.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates has approved an increase in its common share repurchase authority from $100 million to $500 million, effective immediately, which not only boosts shareholder confidence but may also enhance earnings per share by reducing the float.
- Cloud Revenue Growth Target: The company targets a 21% growth in cloud revenue for 2026, setting a remaining performance obligation (RPO) goal of $2.6 billion to $2.68 billion, reflecting strong confidence in future revenue growth, particularly in the rapidly evolving AI and services sectors.
- Executive Change: CFO Dennis Story has announced his retirement, which could impact the company's financial strategy and investor confidence, necessitating close attention to the performance of his successor and their influence on corporate strategy.
- Investor Conference Participation: Manhattan Associates is actively participating in the Morgan Stanley Technology, Media & Telecom Conference and the 47th Annual Raymond James Institutional Investor Conference, indicating the company's commitment to engaging with investors and enhancing market awareness of its future developments.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates' board has approved an increase in the company's common share repurchase authority from $100 million to $500 million, effective immediately, reflecting the company's commitment to enhancing shareholder returns.
- Flexible Repurchase Strategy: The company may repurchase shares in the open market or otherwise, with management determining the quantities and prices, thereby enhancing flexibility amid market fluctuations.
- No Fixed Expiration Date: The repurchase plan does not have a fixed expiration date and does not obligate the company to acquire a specific amount of common stock, allowing for adjustments based on market conditions and reducing financial risk.
- Forward-Looking Statements: The press release includes forward-looking statements indicating that the actual impact of the repurchase may vary due to factors such as the optimality of repurchase prices and the utilization of the repurchase authority, cautioning investors to assess potential risks carefully.
See More
Manhattan Associates Shares Drop Due to AI Assistant Announcement
- Stock Price Decline: Shares of Manhattan Associates fell 5.1% in the afternoon session following Anthropic's announcement that its Claude AI assistant can control computers by mimicking human keystrokes and mouse movements, raising investor concerns about the potential shift of enterprise value from the application layer to the intelligence layer, leaving legacy software providers vulnerable to displacement.
- Market Reaction: Analysts noted that the 'agentic era' could lead to significant margin compression for software companies as they lose pricing power, prompting a more cautious outlook on Manhattan Associates' future performance, even though the stock market tends to overreact to news.
- Buyback Plan Impact: The recent increase in Manhattan Associates' stock repurchase authorization from $100 million to $500 million signals management's confidence in the company's future performance, and while the stock is currently down, the buyback program may enhance the value of remaining shares in the long run.
- Long-term Investment Returns: Despite a 20.6% decline in stock price year-to-date, with shares trading at $132.85, 41.7% below the 52-week high of $227.94, investors who purchased $1,000 worth of shares five years ago would see their investment grow to $1,149, indicating potential long-term returns.
See More
Only 7% of Retailers Are True Unified Commerce Leaders
- Growth Potential: The 2026 Global Unified Commerce Benchmark by Manhattan Associates reveals that true unified commerce leaders achieve nearly 2X revenue growth, highlighting a significant advantage in connecting digital and physical experiences, despite only 7% of retailers reaching this standard.
- AI Reshaping Retail: AI in retail is projected to unlock over $500 billion in value globally by 2030, shifting the focus from simple task automation to intelligent systems that personalize services in real-time and anticipate demand, thereby enhancing customer experiences.
- Changing Consumer Behavior: More than 66% of consumers use two or more channels before completing a purchase, indicating that retailers must adapt to diverse shopping journeys to meet customer needs as they fluidly navigate between marketplaces, social platforms, and their own sites.
- Inventory Management Optimization: Real-time visibility and dynamic allocation have driven inventory turns up by 50% in North America, 45% in EMEA, and 27% in LATAM, helping retailers reduce stockouts and markdowns while enhancing overall operational efficiency.
See More
Rainforest Selects Manhattan Supply Chain Solution for Growth
- Supply Chain Modernization: Rainforest Distribution has selected Manhattan Active® Supply Chain Planning to unify its supply chain functions and transform end-to-end planning processes, thereby enhancing service levels and supporting continued growth.
- Real-Time Visibility: By adopting a single cloud-native platform, Rainforest will gain real-time visibility and continuously balance service levels, costs, and capacity, enabling faster responses to changing customer demands and improving operational efficiency.
- Intelligent Platform Advantage: Manhattan Active Supply Chain Planning enhances forecasting accuracy through AI-driven insights, allowing Rainforest to maintain agility and responsiveness in a complex supply chain environment, ensuring reliable customer service.
- Strategic Partnership: Stewart Gantt from Manhattan Associates stated that this collaboration will help Rainforest unlock new levels of efficiency and build a more resilient, data-driven supply chain, driving the company's strategic growth ambitions.
See More
Manhattan Associates Expands Share Repurchase Program to $500 Million
- Repurchase Program Expansion: Manhattan Associates' Board has approved an increase in its share repurchase program from $100 million to $500 million, effective immediately, demonstrating the company's confidence in future stock performance and aiming to enhance shareholder value.
- Positive Market Reaction: Following the announcement, Manhattan's stock price rose by 3.21% to $148.15, reflecting investor optimism regarding the repurchase plan, which may further drive stock price appreciation.
- Flexible Repurchase Strategy: The company plans to conduct repurchases in the open market or through other means, with management determining the quantity and price based on what is in the best interest of the company, ensuring flexibility and effectiveness in the repurchase program.
- Shareholder Interests Prioritized: By expanding the repurchase program, Manhattan Associates not only boosts market confidence but also signals its commitment to enhancing shareholder returns through capital management, further solidifying its competitive position in the industry.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates has approved an increase in its common share repurchase authority from $100 million to $500 million, effective immediately, which not only boosts shareholder confidence but may also enhance earnings per share by reducing the float.
- Cloud Revenue Growth Target: The company targets a 21% growth in cloud revenue for 2026, setting a remaining performance obligation (RPO) goal of $2.6 billion to $2.68 billion, reflecting strong confidence in future revenue growth, particularly in the rapidly evolving AI and services sectors.
- Executive Change: CFO Dennis Story has announced his retirement, which could impact the company's financial strategy and investor confidence, necessitating close attention to the performance of his successor and their influence on corporate strategy.
- Investor Conference Participation: Manhattan Associates is actively participating in the Morgan Stanley Technology, Media & Telecom Conference and the 47th Annual Raymond James Institutional Investor Conference, indicating the company's commitment to engaging with investors and enhancing market awareness of its future developments.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates' board has approved an increase in the company's common share repurchase authority from $100 million to $500 million, effective immediately, reflecting the company's commitment to enhancing shareholder returns.
- Flexible Repurchase Strategy: The company may repurchase shares in the open market or otherwise, with management determining the quantities and prices, thereby enhancing flexibility amid market fluctuations.
- No Fixed Expiration Date: The repurchase plan does not have a fixed expiration date and does not obligate the company to acquire a specific amount of common stock, allowing for adjustments based on market conditions and reducing financial risk.
- Forward-Looking Statements: The press release includes forward-looking statements indicating that the actual impact of the repurchase may vary due to factors such as the optimality of repurchase prices and the utilization of the repurchase authority, cautioning investors to assess potential risks carefully.
See More
