Manhattan Associates, Inc. $MANH Stock Holdings Reduced by Angeles Wealth Management LLC

Angeles Wealth Management LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141 shares of the software maker’s stock after selling 58 shares during the quarter. Angeles Wealth Management LLC’s holdings in Manhattan Associates were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MANH. Thurston Springer Miller Herd & Titak Inc. grew its stake in Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after purchasing an additional 124 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after acquiring an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in shares of Manhattan Associates by 42.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock worth $82,000 after acquiring an additional 142 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of 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 acquiring an additional 276 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of Manhattan Associates during the 1st quarter worth about $99,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the company’s stock in a transaction that occurred on 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 owned 11,907 shares of the company’s stock, valued at $2,637,757.71. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James Stewart Gantt sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $220.33, for a total value of $506,759.00. Following the completion of the transaction, the executive vice president directly owned 48,660 shares of the company’s stock, valued at approximately $10,721,257.80. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock valued at $9,251,781 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MANH shares. Stifel Nicolaus started coverage on Manhattan Associates in a research note on Tuesday, October 7th. They set a “buy” rating and a $250.00 price target for the company. DA Davidson upped 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. Robert W. Baird boosted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. Finally, Loop Capital boosted their price objective on Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $222.91.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $196.83 on Friday. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The stock has a market capitalization of $11.90 billion, a PE ratio of 54.98 and a beta of 1.12. The stock has a 50-day simple moving average of $210.37 and a 200 day simple moving average of $196.52.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results 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 firm had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal 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.