Manhattan Associates, Inc. $MANH Shares Purchased by Ethic Inc.

Ethic Inc. boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 16.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,354 shares of the software maker’s stock after acquiring an additional 465 shares during the period. Ethic Inc.’s holdings in Manhattan Associates were worth $586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MANH. Central Pacific Bank Trust Division increased its position in Manhattan Associates by 107.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker’s stock valued at $34,000 after acquiring an additional 103 shares during the period. Park Square Financial Group LLC acquired a new position in Manhattan Associates in the 4th quarter valued at about $38,000. Transce3nd LLC acquired a new position in Manhattan Associates in the 4th quarter valued at about $41,000. Reyes Financial Architecture Inc. increased its position in Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after acquiring an additional 142 shares during the period. Finally, Bayforest Capital Ltd increased its position in Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In related news, Chairman Eddie Capel sold 37,342 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total value of $8,296,645.56. Following the sale, the chairman owned 162,988 shares of the company’s stock, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value of $448,376.72. Following the completion of the sale, the director directly owned 11,907 shares in the company, valued at approximately $2,637,757.71. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MANH shares. Raymond James Financial boosted their target price on Manhattan Associates from $195.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Robert W. Baird boosted their target price on Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. DA Davidson boosted their price target on Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Redburn Atlantic lowered Manhattan Associates from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Morgan Stanley started coverage on Manhattan Associates in a research note on Monday, July 14th. They set an “underweight” rating and a $190.00 price target on the stock. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $216.67.

Manhattan Associates Stock Performance

MANH stock opened at $212.02 on Thursday. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The stock’s 50 day moving average price is $204.87 and its 200 day moving average price is $187.50. The firm has a market cap of $12.82 billion, a P/E ratio of 59.22 and a beta of 1.10.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.19. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the prior year, the company earned $1.18 EPS. Manhattan Associates’s revenue was up 2.7% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.