111 Capital Purchases Shares of 2,212 Manhattan Associates, Inc. $MANH

Key Points

• 111 Capital acquired 2,212 shares of Manhattan Associates, Inc. valued at approximately $437,000 during the second quarter.
• Various institutional investors, including Thurston Springer Miller Herd & Titak Inc. and Brooklyn Investment Group, have significantly increased their stakes in Manhattan Associates.
• Equities analysts maintain a consensus rating of "Hold" for Manhattan Associates, with a target price averaging $216.67.

111 Capital purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,212 shares of the software maker's stock, valued at approximately $437,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Manhattan Associates by 117.0% in the second 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 period. Brooklyn Investment Group raised its position in shares of Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock worth $62,000 after purchasing an additional 148 shares during the period. Reyes Financial Architecture Inc. raised its position in shares of Manhattan Associates by 42.5% during the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock worth $82,000 after purchasing an additional 142 shares during the period. Bayforest Capital Ltd raised its position in shares of Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock worth $85,000 after purchasing an additional 276 shares during the period. Finally, Virtus Advisers LLC acquired a new position in shares of Manhattan Associates during the first quarter worth approximately $99,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Manhattan Associates

In other news, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the completion of the transaction, the chairman owned 162,988 shares in the company, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the 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 owned 48,660 shares of the company's stock, 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. In the last 90 days, insiders sold 41,666 shares of company stock worth $9,251,781. 0.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Morgan Stanley assumed coverage on Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 target price on the stock. Loop Capital upped their target price on Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Finally, Zacks Research lowered Manhattan Associates from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $216.67.

Manhattan Associates Stock Performance

MANH stock opened at $201.40 on Monday. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 56.26 and a beta of 1.12. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The stock has a fifty day moving average of $213.90 and a 200-day moving average of $194.96.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $272.42 million during the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Equities analysts predict 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.

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