Petrus Trust Company LTA Buys New Shares 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 bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,403 shares of the software maker's stock, valued at approximately $762,000.

Several other institutional investors and hedge funds also recently modified their holdings of MANH. Algert Global LLC acquired a new stake in shares of Manhattan Associates during the fourth quarter valued at approximately $248,000. Captrust Financial Advisors raised its stake in Manhattan Associates by 26.5% during the 4th quarter. Captrust Financial Advisors now owns 6,194 shares of the software maker's stock valued at $1,674,000 after purchasing an additional 1,297 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Manhattan Associates by 38.6% in the fourth quarter. Cetera Investment Advisers now owns 5,902 shares of the software maker's stock valued at $1,595,000 after purchasing an additional 1,645 shares in the last quarter. Crestline Management LP acquired a new stake in shares of Manhattan Associates in the fourth quarter worth $1,193,000. Finally, Deutsche Bank AG grew its holdings in shares of Manhattan Associates by 11.0% during the fourth quarter. Deutsche Bank AG now owns 222,414 shares of the software maker's stock valued at $60,105,000 after buying an additional 22,113 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the business's stock in a transaction dated 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 owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the 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 sale, the director owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,666 shares of company stock worth $9,251,781. Company insiders own 0.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Raymond James Financial increased their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Loop Capital boosted their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Robert W. Baird upped their price objective 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. Finally, Citigroup reissued a "neutral" rating and set a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Manhattan Associates currently has an average rating of "Moderate Buy" and a consensus price target of $216.67.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded up $6.95 during mid-day trading on Thursday, reaching $219.26. 520,645 shares of the company traded hands, compared to its average volume of 773,794. 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 market cap of $13.26 billion, a PE ratio of 61.25 and a beta of 1.13. The company's fifty day moving average is $211.31 and its two-hundred day moving average is $190.08.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $272.42 million during the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. Manhattan Associates's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share 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.