Atria Wealth Solutions Inc. Buys Shares of 1,635 Manhattan Associates, Inc. $MANH

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake in Manhattan Associates, Inc., purchasing 1,635 shares valued at approximately $323,000 during the 2nd quarter.
• Manhattan Associates reported an EPS of $1.36 for the latest quarter, exceeding estimates, with a revenue of $275.80 million and a year-over-year growth of 3.4%.
• Several institutional investors have modified their stakes, resulting in 98.45% of Manhattan Associates' stock currently being owned by hedge funds and other institutions.

Atria Wealth Solutions Inc. bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,635 shares of the software maker's stock, valued at approximately $323,000.

Several other large investors also recently added to or reduced their stakes in the stock. Cordatus Wealth Management LLC grew its holdings in Manhattan Associates by 4.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock valued at $213,000 after buying an additional 57 shares in the last quarter. Credit Agricole S A grew its holdings in Manhattan Associates by 1.3% in the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker's stock valued at $841,000 after buying an additional 64 shares in the last quarter. Quent Capital LLC grew its holdings in Manhattan Associates by 3.5% in the 2nd quarter. Quent Capital LLC now owns 1,947 shares of the software maker's stock valued at $384,000 after buying an additional 65 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Manhattan Associates by 1.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock valued at $1,134,000 after buying an additional 73 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Manhattan Associates by 1.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker's stock valued at $846,000 after buying an additional 76 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 2.3%

MANH opened at $204.66 on Wednesday. The stock's 50-day moving average price is $210.10 and its 200 day moving average price is $197.16. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 57.17 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.18. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.66 million. During the same quarter in the prior year, the company earned $1.35 EPS. Manhattan Associates's revenue was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MANH shares. Morgan Stanley decreased their price target on Manhattan Associates from $205.00 to $195.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 14th. Raymond James Financial upped their price target on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Truist Financial upped their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays started coverage on Manhattan Associates in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $247.00 price target on the stock. Finally, Zacks Research lowered Manhattan Associates from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $222.91.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction dated 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 sale, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. This trade represents a 18.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $220.33, for a total value of $506,759.00. Following the completion of the sale, the executive vice president directly owned 48,660 shares in the company, valued at $10,721,257.80. This represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock valued at $9,251,781 in the last quarter. Corporate insiders own 0.72% of the company's stock.

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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