Cwm LLC Purchases 23,137 Shares of Manhattan Associates, Inc. $MANH

Cwm LLC increased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 219.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,702 shares of the software maker's stock after acquiring an additional 23,137 shares during the quarter. Cwm LLC owned about 0.06% of Manhattan Associates worth $6,655,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of Manhattan Associates by 18.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,254 shares of the software maker's stock valued at $2,223,000 after acquiring an additional 1,715 shares during the period. waypoint wealth counsel purchased a new stake in Manhattan Associates in the second quarter valued at approximately $312,000. Aberdeen Group plc raised its stake in Manhattan Associates by 6.3% in the second quarter. Aberdeen Group plc now owns 23,182 shares of the software maker's stock valued at $4,535,000 after purchasing an additional 1,366 shares in the last quarter. Blue Trust Inc. raised its stake in Manhattan Associates by 68.1% in the second quarter. Blue Trust Inc. now owns 533 shares of the software maker's stock valued at $105,000 after purchasing an additional 216 shares in the last quarter. Finally, Callan Family Office LLC raised its stake in Manhattan Associates by 1,168.9% in the second quarter. Callan Family Office LLC now owns 15,684 shares of the software maker's stock valued at $3,097,000 after purchasing an additional 14,448 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Manhattan Associates in a research note on Tuesday, October 7th. They issued a "buy" rating and a $250.00 target price on the stock. Loop Capital raised their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. DA Davidson raised their target price on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays initiated coverage on shares of Manhattan Associates in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $247.00 target price on the stock. Finally, Truist Financial lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $222.91.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction on Friday, July 25th. The shares were sold at an average price of $220.33, for a total value of $506,759.00. Following the transaction, the executive vice president directly owned 48,660 shares of the company's stock, valued at $10,721,257.80. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of 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 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 over the last three months. 0.88% of the stock is owned by company insiders.

Manhattan Associates Stock Performance

MANH stock opened at $199.81 on Thursday. The company has a market capitalization of $12.08 billion, a PE ratio of 55.81 and a beta of 1.12. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The company's 50 day moving average price is $210.91 and its two-hundred day moving average price is $196.11.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The company had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. During the same period in the previous year, the firm earned $1.18 earnings per share. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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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