Versor Investments LP Makes New Investment in Manhattan Associates, Inc. $MANH

Versor Investments LP acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 1st quarter, Holdings Channel.com reports. The fund acquired 2,538 shares of the software maker’s stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BOKF NA grew its position in Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker’s stock worth $3,522,000 after purchasing an additional 55 shares during the last quarter. Cordatus Wealth Management LLC grew its position in Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock worth $213,000 after purchasing an additional 57 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 73 shares during the last quarter. Signaturefd LLC grew its position in Manhattan Associates by 6.9% during the 1st quarter. Signaturefd LLC now owns 1,285 shares of the software maker’s stock worth $222,000 after purchasing an additional 83 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Manhattan Associates by 14.6% during the 1st quarter. Fifth Third Bancorp now owns 691 shares of the software maker’s stock worth $120,000 after purchasing an additional 88 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP James Stewart Gantt sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $220.33, for a total value 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. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda T. Hollembaek sold 2,024 shares of the business’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 transaction of $448,376.72. Following the completion of the transaction, the director directly owned 11,907 shares of the company’s stock, 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. Insiders sold a total of 41,666 shares of company stock valued at $9,251,781 over the last 90 days. Insiders own 0.88% of the company’s stock.

Manhattan Associates Trading Down 1.6%

Shares of MANH opened at $212.02 on Thursday. The stock has a market cap of $12.82 billion, a P/E ratio of 59.22 and a beta of 1.10. The company has a 50-day moving average of $204.87 and a two-hundred day moving average of $187.50. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, beating 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 company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial raised their price objective on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. DA Davidson raised their target price on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Raymond James Financial raised 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. Robert W. Baird raised their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Finally, Citigroup reiterated a “neutral” rating and issued a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $216.67.

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.