Capital Insight Partners LLC Acquires 1,266 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Capital Insight Partners LLC raised its holdings in Manhattan Associates by 7.7%, acquiring an additional 1,266 shares, bringing its total holdings to 17,625 shares valued at approximately $3.48 million.
• Insider sales included Chairman Eddie Capel selling 37,342 shares for over $8.29 million, resulting in an 18.64% decrease in his ownership of the stock.
• Manhattan Associates reported $1.31 EPS in its latest quarterly earnings, exceeding estimates and indicates a 2.7% revenue growth year-over-year, with a market capitalization of $12.79 billion.

Capital Insight Partners LLC increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,625 shares of the software maker's stock after acquiring an additional 1,266 shares during the period. Capital Insight Partners LLC's holdings in Manhattan Associates were worth $3,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MANH. GTS Securities LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $208,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Manhattan Associates by 10.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,792 shares of the software maker's stock worth $755,000 after purchasing an additional 257 shares during the last quarter. First Hawaiian Bank boosted its stake in Manhattan Associates by 80.6% in the 1st quarter. First Hawaiian Bank now owns 1,889 shares of the software maker's stock worth $327,000 after purchasing an additional 843 shares in the last quarter. 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. Finally, Versant Capital Management Inc increased its stake in Manhattan Associates by 571.8% during the 1st quarter. Versant Capital Management Inc now owns 739 shares of the software maker's stock valued at $128,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Transactions at Manhattan Associates

In related news, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates 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 transaction, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction dated 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 directly owned 11,907 shares of the company's stock, valued at $2,637,757.71. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock worth $9,251,781 in the last 90 days. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $211.56 on Monday. The stock's 50-day simple moving average is $214.76 and its two-hundred day simple moving average is $193.93. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 59.10 and a beta of 1.13. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60.

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. The firm had revenue of $272.42 million during the quarter, compared to analyst estimates 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 quarter in the prior 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.

Wall Street Analyst Weigh In

MANH has been the topic of several analyst reports. Truist Financial upped their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Robert W. Baird lifted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Citigroup restated 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. Finally, Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Manhattan Associates currently has an average rating of "Hold" and an average price target of $216.67.

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.

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