Manhattan Associates, Inc. $MANH Stock Position Increased by Inspire Investing LLC

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 lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 243.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,948 shares of the software maker's stock after buying 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.

Several other hedge funds have also modified their holdings of MANH. Park Square Financial Group LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $38,000. Central Pacific Bank Trust Division boosted its stake in shares of Manhattan Associates by 107.3% in the first 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 period. Brooklyn Investment Group boosted its stake in shares of Manhattan Associates by 70.1% in the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock valued at $62,000 after purchasing an additional 148 shares during the period. Reyes Financial Architecture Inc. grew its holdings in Manhattan Associates by 42.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock valued at $82,000 after purchasing an additional 142 shares in the last quarter. Finally, Bayforest Capital Ltd increased its stake in Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock worth $85,000 after buying an additional 276 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 0.4%

Manhattan Associates stock traded up $0.88 during mid-day trading on Wednesday, reaching $215.15. The company's stock had a trading volume of 108,896 shares, compared to its average volume of 765,381. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The business has a 50 day moving average price of $212.46 and a 200-day moving average price of $191.24. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 60.16 and a beta of 1.13.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings results 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. 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 last year, the firm posted $1.18 EPS. The company'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, equities analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MANH. Truist Financial lifted their target price on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. 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. Raymond James Financial upped their target price on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Morgan Stanley started coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 price target for the company. Finally, Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price target for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $216.67.

Insider Buying and Selling at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 11,907 shares in the company, valued at $2,637,757.71. The trade was a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the company's stock in a transaction on Friday, July 25th. The stock was 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 of the company's stock, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock worth $9,251,781 over the last ninety days. Company insiders own 0.72% 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.