Aberdeen Group plc Has $3.75 Million Holdings in Manhattan Associates, Inc. $MANH

Key Points

• Aberdeen Group plc reduced its stake in Manhattan Associates by 5.5%, holding 21,816 shares worth approximately $3.75 million as of the latest filing with the SEC.
• Several large institutional investors, including Northern Trust Corp and Price T Rowe Associates Inc. MD, have increased their holdings in Manhattan Associates, indicating strong investor interest in the company.
• Manhattan Associates reported quarterly earnings of $1.31 per share, exceeding analysts' expectations and showing a 2.7% increase in revenue compared to the previous year.

Aberdeen Group plc trimmed its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,816 shares of the software maker's stock after selling 1,272 shares during the period. Aberdeen Group plc's holdings in Manhattan Associates were worth $3,753,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Manhattan Associates by 26.5% in the fourth quarter. Northern Trust Corp now owns 761,820 shares of the software maker's stock valued at $205,874,000 after buying an additional 159,572 shares during the period. Bank of New York Mellon Corp boosted its holdings in Manhattan Associates by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 591,794 shares of the software maker's stock valued at $102,404,000 after acquiring an additional 54,273 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Manhattan Associates by 5.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,570 shares of the software maker's stock valued at $147,435,000 after purchasing an additional 27,621 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Manhattan Associates by 16.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 513,293 shares of the software maker's stock worth $138,714,000 after purchasing an additional 73,546 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Manhattan Associates by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 493,208 shares of the software maker's stock worth $133,293,000 after purchasing an additional 15,201 shares during the period. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective for the company. Citigroup reiterated a "neutral" rating and set a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Raymond James Financial boosted their price objective on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Robert W. Baird upped their target price on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Truist Financial lifted their target price on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.67.

Insiders Place Their Bets

In related news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following the sale, the director directly owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Eddie Capel sold 37,342 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total value of $8,296,645.56. Following the completion of the transaction, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,666 shares of company stock valued at $9,251,781 in the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Manhattan Associates Trading Down 1.6%

MANH opened at $212.02 on Thursday. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 59.22 and a beta of 1.10. The company's fifty day moving average price is $204.87 and its two-hundred day moving average price is $187.50.

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 analysts' consensus estimates of $1.12 by $0.19. The firm had revenue of $272.42 million for 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%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, equities analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal 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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