Inspire Investing LLC Acquires 16,271 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Inspire Investing LLC significantly increased its stake in Manhattan Associates, acquiring 16,271 additional shares, representing a 243.7% growth in holdings during the first quarter, now totaling 22,948 shares valued at approximately $3.97 million.
• Multiple institutional investors, including SG Americas Securities LLC and Allianz Asset Management GmbH, also raised their investments in Manhattan Associates, reflecting strong institutional interest with over 98% of the company's stock owned by institutions.
• Manhattan Associates reported better-than-expected quarterly earnings with an EPS of $1.31, exceeding analyst estimates, and saw a revenue increase to $272.42 million for the quarter, compared to $263.62 million anticipated.

Inspire Investing LLC grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 243.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,948 shares of the software maker's stock after purchasing an additional 16,271 shares during the period. Inspire Investing LLC's holdings in Manhattan Associates were worth $3,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC bought a new stake in shares of Manhattan Associates in the 1st quarter worth $214,000. Allianz Asset Management GmbH increased its holdings in shares of Manhattan Associates by 18.9% in the 1st quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker's stock worth $24,864,000 after purchasing an additional 22,845 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Manhattan Associates by 876.3% in the 1st quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker's stock worth $1,318,000 after purchasing an additional 6,835 shares in the last quarter. Abacus FCF Advisors LLC increased its holdings in shares of Manhattan Associates by 170.0% in the 1st quarter. Abacus FCF Advisors LLC now owns 32,865 shares of the software maker's stock worth $5,687,000 after purchasing an additional 20,691 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Manhattan Associates by 165.1% in the 1st quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker's stock worth $740,000 after purchasing an additional 2,665 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MANH. Citigroup reissued a "neutral" rating and issued a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Morgan Stanley initiated coverage on Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price for the company. Loop Capital lifted their price objective on Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. DA Davidson lifted their price objective on Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial lifted their price objective on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has an average rating of "Moderate Buy" and a consensus target price of $216.67.

Manhattan Associates Price Performance

Shares of MANH opened at $219.26 on Friday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The firm has a market capitalization of $13.26 billion, a P/E ratio of 61.25 and a beta of 1.13. The business has a fifty day moving average of $211.70 and a 200 day moving average of $190.37.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 82.91% and a net margin of 20.91%.The company had revenue of $272.42 million during the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. Manhattan Associates's revenue 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. Analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

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 stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following the transaction, the director directly owned 11,907 shares in the company, valued at approximately $2,637,757.71. The trade was a 14.53% 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, 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 owned 48,660 shares in the company, valued at $10,721,257.80. This trade represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,666 shares of company stock worth $9,251,781. Corporate insiders own 0.88% of the company's stock.

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.

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