Vontobel Holding Ltd. Sells 663 Shares of Manhattan Associates, Inc. $MANH

Vontobel Holding Ltd. reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,760 shares of the software maker’s stock after selling 663 shares during the period. Vontobel Holding Ltd.’s holdings in Manhattan Associates were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Swedbank AB boosted its stake in shares of Manhattan Associates by 50.0% in the second quarter. Swedbank AB now owns 1,199,969 shares of the software maker’s stock valued at $236,958,000 after buying an additional 399,969 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Manhattan Associates by 101.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock valued at $190,415,000 after buying an additional 554,840 shares during the period. Northern Trust Corp boosted its stake in shares of Manhattan Associates by 6.3% in the first quarter. Northern Trust Corp now owns 809,894 shares of the software maker’s stock valued at $140,144,000 after buying an additional 48,074 shares during the period. AQR Capital Management LLC boosted its stake in shares of Manhattan Associates by 103.0% in the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock valued at $116,872,000 after buying an additional 347,358 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Manhattan Associates by 1,214.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock worth $104,869,000 after purchasing an additional 559,923 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $220.33, for a total value of $506,759.00. Following the transaction, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent analyst reports. Stifel Nicolaus started coverage on Manhattan Associates in a research note on Tuesday, October 7th. They set a “buy” rating and a $250.00 target price for the company. Truist Financial increased their price objective on Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Morgan Stanley initiated coverage on Manhattan Associates in a report on Monday, July 14th. They issued an “underweight” rating and a $190.00 price objective for the company. Loop Capital increased their price target on Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.45.

Manhattan Associates Price Performance

Shares of MANH opened at $197.32 on Monday. The stock has a 50-day moving average of $211.90 and a 200-day moving average of $195.87. The company has a market cap of $11.93 billion, a PE ratio of 55.12 and a beta of 1.12. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its 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. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The company had revenue of $272.42 million during the quarter, compared to the consensus estimate of $263.62 million. During the same period last year, the business posted $1.18 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates Company 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.