DekaBank Deutsche Girozentrale Sells 3,968 Shares of Manhattan Associates, Inc. $MANH

DekaBank Deutsche Girozentrale trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,340 shares of the software maker’s stock after selling 3,968 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Manhattan Associates were worth $2,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stephens Inc. AR increased its position in shares of Manhattan Associates by 36.5% during the second quarter. Stephens Inc. AR now owns 4,377 shares of the software maker’s stock valued at $864,000 after buying an additional 1,171 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Manhattan Associates by 99.9% during the second quarter. Chicago Partners Investment Group LLC now owns 2,711 shares of the software maker’s stock valued at $590,000 after buying an additional 1,355 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Manhattan Associates during the second quarter valued at approximately $27,073,000. Koshinski Asset Management Inc. purchased a new stake in shares of Manhattan Associates during the second quarter valued at approximately $247,000. Finally, Praxis Investment Management Inc. purchased a new stake in shares of Manhattan Associates during the second quarter valued at approximately $523,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Up 0.1%

NASDAQ MANH opened at $194.85 on Friday. The firm has a market cap of $11.78 billion, a PE ratio of 55.51 and a beta of 1.12. The company has a 50 day moving average price of $208.78 and a 200 day moving average price of $198.20. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. The firm had revenue of $275.80 million during the quarter, compared to analyst estimates of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. Manhattan Associates’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 11,907 shares in the company, valued at approximately $2,637,757.71. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MANH. Barclays lowered their price objective on shares of Manhattan Associates from $247.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup reissued a “neutral” rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research note on Wednesday. Morgan Stanley set a $200.00 target price on shares of Manhattan Associates and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Robert W. Baird raised their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.