Focus Partners Advisor Solutions LLC Takes Position in Manhattan Associates, Inc. $MANH

Key Points

• Focus Partners Advisor Solutions LLC purchased 2,099 shares of Manhattan Associates, Inc. during the first quarter, valued at approximately $363,000, marking a notable investment in the software firm.
• Several hedge funds increased their holdings in Manhattan Associates, with Central Pacific Bank Trust Division lifting its position by 107.3%, indicating growing institutional confidence in the company's stock.
• Analysts have raised their price targets for Manhattan Associates, with a consensus rating of "Moderate Buy" and an average target price of $216.67, reflecting positive market sentiment towards the stock.

Focus Partners Advisor Solutions LLC bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 2,099 shares of the software maker's stock, valued at approximately $363,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after purchasing an additional 103 shares during the last quarter. Park Square Financial Group LLC bought a new position in Manhattan Associates during the 4th quarter valued at about $38,000. Brooklyn Investment Group lifted its holdings in Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock valued at $62,000 after purchasing an additional 148 shares during the last quarter. Reyes Financial Architecture Inc. lifted its holdings in Manhattan Associates by 42.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock valued at $82,000 after purchasing an additional 142 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock valued at $85,000 after purchasing an additional 276 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Down 1.4%

MANH traded down $3.16 during trading hours on Friday, hitting $216.10. 435,532 shares of the company's stock were exchanged, compared to its average volume of 452,648. The stock's 50-day moving average is $212.02 and its two-hundred day moving average is $190.64. 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 $13.07 billion, a price-to-earnings ratio of 60.36 and a beta of 1.13.

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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 2,300 shares of the company's stock in a transaction 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 directly owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Eddie Capel sold 37,342 shares of the company's 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 sale, the chairman directly owned 162,988 shares in the company, valued at $36,212,673.84. This trade represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James Financial lifted their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Citigroup reissued a "neutral" rating and set a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Morgan Stanley initiated coverage on shares of Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective for the company. Finally, Loop Capital upped their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $216.67.

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.