Linden Thomas Advisory Services LLC Sells 59 Shares of Manhattan Associates, Inc. $MANH

Linden Thomas Advisory Services LLC trimmed its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,493 shares of the software maker’s stock after selling 59 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Manhattan Associates were worth $1,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MANH. Jacobs Levy Equity Management Inc. boosted its position in shares of 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 acquiring an additional 559,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Manhattan Associates by 101.7% in the 1st 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 worth $190,415,000 after purchasing an additional 554,840 shares in the last quarter. Swedbank AB boosted its holdings in shares of Manhattan Associates by 116.8% during the 1st quarter. Swedbank AB now owns 800,000 shares of the software maker’s stock valued at $138,432,000 after purchasing an additional 430,981 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Manhattan Associates by 103.0% during the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock valued at $116,872,000 after purchasing an additional 347,358 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Manhattan Associates by 46,233.9% during the first quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker’s stock valued at $41,371,000 after purchasing an additional 238,567 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Activity

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was 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 owned 162,988 shares in the company, valued at $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value of $448,376.72. Following 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 position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on MANH. Robert W. Baird increased their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Citigroup reiterated a “neutral” rating and set a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Barclays reduced their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Saturday. Finally, Loop Capital boosted their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.83.

Manhattan Associates Stock Up 0.1%

NASDAQ MANH opened at $194.85 on Monday. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 55.51 and a beta of 1.12. The company has a fifty day moving average of $208.78 and a two-hundred day moving average of $198.42.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $271.66 million. During the same quarter in the prior year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.