VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $27.07 Million Investment in Manhattan Associates, Inc. $MANH

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 137,100 shares of the software maker’s stock, valued at approximately $27,073,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.23% of Manhattan Associates at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MANH. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Manhattan Associates by 117.0% in the 2nd 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 during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Manhattan Associates by 70.1% in the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after buying an additional 148 shares during the last quarter. Reyes Financial Architecture Inc. boosted its holdings in shares of Manhattan Associates by 42.5% in the 1st 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 during the last quarter. Bayforest Capital Ltd boosted its holdings in shares of Manhattan Associates by 126.6% in the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after buying an additional 276 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Manhattan Associates in the 1st quarter valued at approximately $99,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

MANH stock opened at $196.83 on Monday. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 54.98 and a beta of 1.12. The business’s fifty day moving average price is $210.37 and its two-hundred day moving average price is $196.77. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week 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, topping the consensus estimate of $1.12 by $0.19. The firm had revenue of $272.42 million for the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda T. Hollembaek sold 2,024 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the transaction, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Stewart Gantt sold 2,300 shares of the firm’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 completion of the transaction, the executive vice president owned 48,660 shares in the company, valued at $10,721,257.80. The trade was 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 worth $9,251,781 in the last 90 days. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MANH shares. Morgan Stanley cut their price objective on Manhattan Associates from $205.00 to $195.00 and set an “underweight” rating for the company in a report on Tuesday, October 14th. Raymond James Financial increased their price target on Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. DA Davidson increased their price target on Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Barclays began coverage on Manhattan Associates in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $247.00 price target on the stock. Finally, Citigroup restated a “neutral” rating and issued a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus 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.