Jump Financial LLC Purchases 44,471 Shares of Manhattan Associates, Inc. $MANH

Key Points

• Jump Financial LLC dramatically increased its stake in Manhattan Associates, Inc. by 1,750.1%, owning 47,012 shares valued at approximately $8.13 million after purchasing an additional 44,471 shares in the 1st quarter.
• Manhattan Associates reported an EPS of $1.31 for the quarter, exceeding analyst expectations, with quarterly revenue of $272.42 million, marking a 2.7% year-over-year increase.
• Wall Street analysts have mixed opinions on Manhattan Associates, with six analysts rating it a Buy, while a few others assigned it Hold and Sell ratings, reflecting diverging perspectives on its stock performance.

Jump Financial LLC lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 1,750.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 47,012 shares of the software maker's stock after acquiring an additional 44,471 shares during the quarter. Jump Financial LLC owned 0.08% of Manhattan Associates worth $8,135,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Manhattan Associates by 28.6% in the fourth quarter. NewEdge Advisors LLC now owns 1,938 shares of the software maker's stock worth $524,000 after buying an additional 431 shares during the period. Marshall Wace LLP purchased a new stake in shares of Manhattan Associates in the 4th quarter worth about $816,000. MML Investors Services LLC grew its position in shares of Manhattan Associates by 13.4% in the 4th quarter. MML Investors Services LLC now owns 12,357 shares of the software maker's stock worth $3,339,000 after buying an additional 1,458 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Manhattan Associates by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 513,293 shares of the software maker's stock worth $138,714,000 after purchasing an additional 73,546 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in Manhattan Associates by 21.0% in the 4th quarter. Voya Investment Management LLC now owns 38,235 shares of the software maker's stock worth $10,333,000 after purchasing an additional 6,642 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Down 1.4%

MANH stock traded down $3.02 during midday trading on Friday, hitting $215.44. The company's stock had a trading volume of 200,505 shares, compared to its average volume of 786,126. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The company has a 50 day moving average of $207.92 and a two-hundred day moving average of $188.34. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 60.18 and a beta of 1.10.

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 (EPS) 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 business had revenue of $272.42 million during the quarter, compared to analyst estimates of $263.62 million. During the same period last year, the firm posted $1.18 EPS. The company's revenue 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, analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MANH has been the topic of several research analyst reports. DA Davidson upped 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. Citigroup reiterated a "neutral" rating and issued a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Robert W. Baird increased their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Loop Capital increased their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, July 22nd. Finally, Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of "Moderate Buy" and an average price target of $216.67.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $2,637,757.71. This trade represents a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction that occurred 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 transaction, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. This represents a 18.64% 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 valued at $9,251,781 in the last three months. 0.88% of the stock is currently owned by corporate insiders.

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.