Impact Capital Partners LLC Has $519,000 Stock Holdings in Manhattan Associates, Inc. $MANH

Impact Capital Partners LLC decreased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,630 shares of the software maker’s stock after selling 54 shares during the quarter. Impact Capital Partners LLC’s holdings in Manhattan Associates were worth $519,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MANH. DAVENPORT & Co LLC bought a new stake in shares of Manhattan Associates during the first quarter worth approximately $214,000. Allianz Asset Management GmbH increased its stake in shares of Manhattan Associates by 18.9% during the first quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker’s stock worth $24,864,000 after purchasing an additional 22,845 shares during the period. SG Americas Securities LLC lifted its holdings in Manhattan Associates by 876.3% during the 1st quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker’s stock worth $1,318,000 after purchasing an additional 6,835 shares during the last quarter. Abacus FCF Advisors LLC boosted its stake in Manhattan Associates by 170.0% in the 1st quarter. Abacus FCF Advisors LLC now owns 32,865 shares of the software maker’s stock valued at $5,687,000 after purchasing an additional 20,691 shares during the period. Finally, Merit Financial Group LLC grew its holdings in Manhattan Associates by 165.1% in the 1st quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker’s stock valued at $740,000 after buying an additional 2,665 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Trading Down 1.3%

Shares of Manhattan Associates stock opened at $204.98 on Wednesday. The firm’s 50 day moving average is $214.97 and its 200 day moving average is $194.25. The firm has a market capitalization of $12.40 billion, a PE ratio of 57.26 and a beta of 1.13. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.

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

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the completion of the transaction, the director directly owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Eddie Capel sold 37,342 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $36,212,673.84. This trade represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,666 shares of company stock valued at $9,251,781 in the last 90 days. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Loop Capital boosted their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Morgan Stanley began coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They issued an “underweight” rating and a $190.00 price objective for the company. DA Davidson increased their target price on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Raymond James Financial lifted their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Redburn Atlantic downgraded Manhattan Associates from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $216.67.

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.