Manhattan Associates, Inc. $MANH Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,199,969 shares of the software maker’s stock after buying an additional 399,969 shares during the quarter. Swedbank AB’s holdings in Manhattan Associates were worth $236,958,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DAVENPORT & Co LLC acquired a new position in shares of Manhattan Associates during the first quarter valued at approximately $214,000. Allianz Asset Management GmbH raised its stake in Manhattan Associates by 18.9% in the 1st quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker’s stock valued at $24,864,000 after purchasing an additional 22,845 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Manhattan Associates by 876.3% in the 1st quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker’s stock valued at $1,318,000 after purchasing an additional 6,835 shares in the last quarter. Abacus FCF Advisors LLC boosted its stake in Manhattan Associates by 170.0% during the 1st quarter. Abacus FCF Advisors LLC now owns 32,865 shares of the software maker’s stock worth $5,687,000 after purchasing an additional 20,691 shares during the last quarter. Finally, Merit Financial Group LLC boosted its stake in Manhattan Associates by 165.1% during the 1st quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker’s stock worth $740,000 after purchasing an additional 2,665 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $214.95 on Thursday. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 60.04 and a beta of 1.13. The business has a 50-day moving average of $212.71 and a 200 day moving average of $191.40. 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 the consensus estimate of $1.12 by $0.19. The business had revenue of $272.42 million for the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MANH shares. Citigroup reissued a “neutral” rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Raymond James Financial raised their target price on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Loop Capital upped their price target on Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Truist Financial increased their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, DA Davidson boosted their price objective on Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.67.

Insider Buying and Selling at Manhattan Associates

In related news, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates stock in a transaction on Tuesday, July 29th. The stock was 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 directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. This trade represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the transaction, the executive vice president directly owned 48,660 shares of the company’s stock, valued at $10,721,257.80. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,666 shares of company stock valued at $9,251,781 in the last 90 days. Company insiders own 0.88% of the company’s stock.

Manhattan Associates 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.