87,360 Shares in Manhattan Associates, Inc. $MANH Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. has acquired 87,360 shares of Manhattan Associates, Inc., valued at approximately $15.1 million, which accounts for about 0.14% of the company's total shares.
• Manhattan Associates reported a quarterly earnings per share (EPS) of $1.31, exceeding the consensus estimate of $1.12, along with a revenue of $272.42 million, up 2.7% year-over-year.
• Institutional investors hold 98.45% of Manhattan Associates' stock, reflecting significant investor confidence in the company as analysts project a moderate buy rating with target prices ranging from $200.00 to $250.00.

Capital Fund Management S.A. acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 87,360 shares of the software maker's stock, valued at approximately $15,117,000. Capital Fund Management S.A. owned 0.14% of Manhattan Associates at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Central Pacific Bank Trust Division lifted its holdings in Manhattan Associates by 107.3% during the first 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 in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth $38,000. Transce3nd LLC purchased a new stake in Manhattan Associates in the 4th quarter valued at about $41,000. Brooklyn Investment Group lifted its holdings 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 acquiring an additional 148 shares during the last quarter. Finally, Reyes Financial Architecture Inc. grew its position in Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock valued at $82,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction 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 in the company, valued at $2,637,757.71. This trade represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Eddie Capel sold 37,342 shares of the firm'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 completion of the sale, the chairman owned 162,988 shares in the company, valued at approximately $36,212,673.84. The trade was 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. Insiders own 0.88% of the company's stock.

Manhattan Associates Stock Up 1.8%

Manhattan Associates stock traded up $3.85 during mid-day trading on Friday, hitting $216.26. The company's stock had a trading volume of 422,077 shares, compared to its average volume of 568,772. The stock has a market capitalization of $13.08 billion, a P/E ratio of 60.41 and a beta of 1.10. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The stock's fifty day moving average price is $205.80 and its two-hundred day moving average price is $187.63.

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. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. During the same quarter in the previous year, the company 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. Equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MANH shares. DA Davidson increased their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Raymond James Financial boosted their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Morgan Stanley began coverage on shares of Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price on the stock. Citigroup reissued a "neutral" rating and issued a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Finally, Truist Financial boosted their price target on Manhattan Associates from $210.00 to $230.00 and gave the stock 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates 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.