Inspire Investing LLC Sells 14,846 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Inspire Investing LLC has significantly reduced its stake in Manhattan Associates, selling 14,846 shares and decreasing its holdings by 64.7%.
• Several institutional investors have increased their stakes in Manhattan Associates, with Jacobs Levy Equity Management boosting its investment by 1,214.2% during the first quarter.
• Manhattan Associates reported a net margin of 20.91% and a robust earnings per share of $1.31 for the last quarter, beating analysts' estimates.

Inspire Investing LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 64.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,102 shares of the software maker's stock after selling 14,846 shares during the period. Inspire Investing LLC's holdings in Manhattan Associates were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MANH. Jacobs Levy Equity Management Inc. lifted its stake in Manhattan Associates by 1,214.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker's stock worth $104,869,000 after purchasing an additional 559,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Manhattan Associates by 101.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker's stock valued at $190,415,000 after acquiring an additional 554,840 shares in the last quarter. Swedbank AB raised its stake in shares of Manhattan Associates by 116.8% during the first quarter. Swedbank AB now owns 800,000 shares of the software maker's stock valued at $138,432,000 after acquiring an additional 430,981 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Manhattan Associates by 103.0% during the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker's stock valued at $116,872,000 after acquiring an additional 347,358 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Manhattan Associates by 46,233.9% during the first quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker's stock valued at $41,371,000 after acquiring an additional 238,567 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value of $8,296,645.56. Following the sale, the chairman directly owned 162,988 shares of the company's stock, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is owned by insiders.

Manhattan Associates Price Performance

Shares of MANH opened at $197.32 on Friday. The firm has a market capitalization of $11.93 billion, a PE ratio of 55.12 and a beta of 1.12. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company's fifty day moving average price is $211.90 and its 200-day moving average price is $195.72.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, beating 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 firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same period in the previous year, the company earned $1.18 earnings per share. The business's quarterly 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. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Manhattan Associates in a research note on Tuesday. They set a "buy" rating and a $250.00 price target for the company. Raymond James Financial lifted their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Loop Capital lifted their price target 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 boosted their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley began coverage on Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 target price for the company. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.45.

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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