Stephens Inc. AR Grows Position in Manhattan Associates, Inc. $MANH

Stephens Inc. AR lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 36.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,377 shares of the software maker’s stock after purchasing an additional 1,171 shares during the period. Stephens Inc. AR’s holdings in Manhattan Associates were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC lifted its holdings in shares of Manhattan Associates by 99.9% in the second quarter. Chicago Partners Investment Group LLC now owns 2,711 shares of the software maker’s stock worth $590,000 after buying an additional 1,355 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Manhattan Associates in the second quarter worth about $27,073,000. Koshinski Asset Management Inc. purchased a new stake in shares of Manhattan Associates in the second quarter worth about $247,000. Praxis Investment Management Inc. purchased a new stake in shares of Manhattan Associates in the second quarter worth about $523,000. Finally, Bridges Investment Management Inc. lifted its holdings in shares of Manhattan Associates by 15.8% in the second quarter. Bridges Investment Management Inc. now owns 5,042 shares of the software maker’s stock worth $996,000 after buying an additional 689 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $194.85 on Friday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The firm’s 50 day simple moving average is $208.78 and its two-hundred day simple moving average is $197.82. The stock has a market capitalization of $11.78 billion, a P/E ratio of 55.51 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business had revenue of $275.80 million for the quarter, compared to analysts’ expectations of $271.66 million. During the same period last year, the business earned $1.35 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the transaction, the chairman directly owned 162,988 shares in the company, valued at $36,212,673.84. This trade represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the transaction, the director owned 11,907 shares in the company, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

MANH has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a research report on Wednesday. Stifel Nicolaus decreased their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday. Loop Capital upped their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Finally, UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.83.

About Manhattan Associates

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.