Manhattan Associates, Inc. $MANH Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,195 shares of the software maker’s stock after selling 1,264 shares during the period. Mutual of America Capital Management LLC’s holdings in Manhattan Associates were worth $5,963,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MANH. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Manhattan Associates by 1,214.2% during the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Manhattan Associates by 101.7% during 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 acquiring an additional 554,840 shares during the period. Swedbank AB lifted 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 worth $138,432,000 after acquiring an additional 430,981 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Manhattan Associates by 103.0% during the 1st quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock worth $116,872,000 after acquiring an additional 347,358 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Manhattan Associates by 46,233.9% during the 1st quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker’s stock worth $41,371,000 after acquiring an additional 238,567 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the sale, the executive vice president owned 48,660 shares in the company, valued at $10,721,257.80. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction that occurred 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 sale, the director owned 11,907 shares in the company, valued at $2,637,757.71. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock worth $9,251,781 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $204.66 on Wednesday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The company’s 50 day moving average price is $210.10 and its 200 day moving average price is $197.16. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 57.17 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating the consensus estimate of $1.18 by $0.18. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The firm had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same quarter last year, the firm posted $1.35 earnings per share. Manhattan Associates’s revenue for the quarter was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. Sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MANH has been the topic of several recent analyst reports. DA Davidson increased their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Robert W. Baird increased their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Morgan Stanley cut their price objective on shares of Manhattan Associates from $205.00 to $195.00 and set an “underweight” rating on the stock in a report on Tuesday, October 14th. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Stifel Nicolaus initiated coverage on shares of Manhattan Associates in a report on Tuesday, October 7th. They issued a “buy” rating and a $250.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $222.91.

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.