waypoint wealth counsel Buys Shares of 1,578 Manhattan Associates, Inc. $MANH

waypoint wealth counsel bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,578 shares of the software maker’s stock, valued at approximately $312,000.

Several other institutional investors also recently bought and sold shares of MANH. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 worth $45,000 after purchasing an additional 124 shares in the last quarter. Brooklyn Investment Group boosted its position 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 worth $62,000 after purchasing an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. boosted its holdings in Manhattan Associates by 42.5% in the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock worth $82,000 after acquiring an additional 142 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after acquiring an additional 276 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Manhattan Associates by 68.1% in the second quarter. Blue Trust Inc. now owns 533 shares of the software maker’s stock worth $105,000 after acquiring an additional 216 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 2,300 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction that occurred 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 transaction, the chairman owned 162,988 shares in the company, valued at $36,212,673.84. This trade represents a 18.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on MANH shares. Morgan Stanley started coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They issued an “underweight” rating and a $190.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday. Stifel Nicolaus began coverage on shares of Manhattan Associates in a research note on Tuesday. They set a “buy” rating and a $250.00 price objective for the company. Barclays began coverage on shares of Manhattan Associates in a research note on Tuesday. They set an “overweight” rating and a $247.00 price objective for the company. Finally, Raymond James Financial lifted their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $222.45.

Manhattan Associates Price Performance

MANH opened at $197.32 on Friday. The firm has a fifty day moving average price of $211.90 and a 200 day moving average price of $195.72. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The stock has a market cap of $11.93 billion, a P/E ratio of 55.12 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.19. The firm had revenue of $272.42 million during 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 revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Equities analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

About Manhattan Associates

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.