9,839 Shares in Manhattan Associates, Inc. $MANH Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,839 shares of the software maker’s stock, valued at approximately $1,943,000.

A number of other institutional investors have also added to or reduced their stakes in MANH. Wealth Enhancement Advisory Services LLC grew its position in Manhattan Associates by 10.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,792 shares of the software maker’s stock worth $755,000 after buying an additional 257 shares in the last quarter. GAMMA Investing LLC grew its position in Manhattan Associates by 10,499.0% during the first quarter. GAMMA Investing LLC now owns 176,155 shares of the software maker’s stock worth $30,482,000 after buying an additional 174,493 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Manhattan Associates by 57.7% during the first quarter. Harbor Investment Advisory LLC now owns 552 shares of the software maker’s stock worth $96,000 after buying an additional 202 shares in the last quarter. Merit Financial Group LLC grew its position in Manhattan Associates by 165.1% during the first quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker’s stock worth $740,000 after buying an additional 2,665 shares in the last quarter. Finally, Lifestyle Asset Management Inc. grew its position in Manhattan Associates by 69.4% during the first quarter. Lifestyle Asset Management Inc. now owns 5,631 shares of the software maker’s stock worth $974,000 after buying an additional 2,307 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

Shares of MANH opened at $199.57 on Thursday. The company has a market capitalization of $12.07 billion, a P/E ratio of 55.75 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. The business’s 50 day simple moving average is $214.60 and its 200-day simple moving average is $194.28.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.12 by $0.19. The business had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.Manhattan Associates’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Insider Transactions at Manhattan Associates

In related news, Chairman Eddie Capel sold 37,342 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction of $506,759.00. Following the completion of the transaction, the executive vice president owned 48,660 shares of the company’s stock, valued at $10,721,257.80. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock valued at $9,251,781 in the last three months. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MANH. Citigroup reissued 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. Raymond James Financial lifted their price objective on Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Truist Financial lifted 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. DA Davidson lifted their price objective on Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Zacks Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Hold” and a consensus price target of $216.67.

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.