Manhattan Associates, Inc. $MANH Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 14,158 shares of the software maker’s stock after buying an additional 1,728 shares during the period. HB Wealth Management LLC’s holdings in Manhattan Associates were worth $2,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Manhattan Associates by 117.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after buying an additional 124 shares in the last quarter. Brooklyn Investment Group lifted its position in Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after buying an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. lifted its position in Manhattan Associates by 42.5% during the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after buying an additional 142 shares in the last quarter. Bayforest Capital Ltd lifted its position in Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after buying an additional 276 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted 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 valued at $96,000 after buying an additional 202 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MANH shares. DA Davidson lifted their price target on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley started coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an “underweight” rating and a $190.00 price target on the stock. Redburn Atlantic cut shares of Manhattan Associates from a “buy” rating to a “neutral” rating and reduced their price target for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. Raymond James Financial lifted their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Citigroup reiterated a “neutral” rating and set a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $216.67.

Manhattan Associates Trading Down 2.6%

Shares of NASDAQ:MANH opened at $199.57 on Thursday. The company has a fifty day simple moving average of $214.60 and a 200 day simple moving average of $194.28. The firm has a market cap of $12.07 billion, a PE ratio of 55.75 and a beta of 1.12. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.19. The business had revenue of $272.42 million during the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates stock in a transaction 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 sale, the chairman owned 162,988 shares in the company, valued at approximately $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 accessible through this link. Also, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 41,666 shares of company stock worth $9,251,781. Insiders own 0.88% of the company’s stock.

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.