Petrus Trust Company LTA Acquires New Position in Manhattan Associates, Inc. $MANH

Key Points

• Petrus Trust Company acquired 4,403 shares of Manhattan Associates, Inc. in the first quarter, valued at approximately $762,000.
• Manhattan Associates reported a quarterly EPS of $1.31, beating analysts' expectations, and set its FY 2025 guidance at 4.760-4.840 EPS.
• Brokerages have recently adjusted price targets for Manhattan Associates, with guidance ranging from $190.00 to $250.00, reflecting varied opinions among analysts on the stock's performance.

Petrus Trust Company LTA acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,403 shares of the software maker's stock, valued at approximately $762,000.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in Manhattan Associates during the 4th quarter valued at about $38,000. Central Pacific Bank Trust Division grew its position 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. Brooklyn Investment Group grew its position 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. grew its position 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 grew its position 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James Financial upped their target price 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. DA Davidson upped their target price on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird boosted their target price 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. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their target price for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Truist Financial boosted their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Manhattan Associates currently has an average rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded down $3.72 during midday trading on Tuesday, hitting $215.61. 536,621 shares of the company's stock traded hands, compared to its average volume of 459,403. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 60.23 and a beta of 1.13. The firm has a fifty day moving average of $211.04 and a 200 day moving average of $189.93.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the prior year, the firm earned $1.18 EPS. The business's revenue for the quarter 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 analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction of $506,759.00. Following the completion of the transaction, the executive vice president directly owned 48,660 shares in the company, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $448,376.72. Following the transaction, the director owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,666 shares of company stock worth $9,251,781. 0.72% of the stock is owned by company insiders.

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.