Kaufman Rossin Wealth LLC Invests $401,000 in Manhattan Associates, Inc. $MANH

Key Points

• Kaufman Rossin Wealth LLC acquired a new position in Manhattan Associates, purchasing 2,032 shares valued at approximately $401,000 during the second quarter.
• Several institutional investors have also increased their holdings in Manhattan Associates, with institutional ownership now at 98.45% of the company's stock.
• The company reported $1.31 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, and set FY 2025 guidance at 4.760-4.840 EPS.

Kaufman Rossin Wealth LLC bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,032 shares of the software maker's stock, valued at approximately $401,000.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in Manhattan Associates by 20.1% during the 2nd quarter. UMB Bank n.a. now owns 724 shares of the software maker's stock valued at $143,000 after purchasing an additional 121 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new position in Manhattan Associates in the 2nd quarter valued at $421,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Manhattan Associates by 187.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 22,247 shares of the software maker's stock worth $4,448,000 after acquiring an additional 14,498 shares during the period. Swedbank AB raised its holdings in shares of Manhattan Associates by 50.0% during the 2nd quarter. Swedbank AB now owns 1,199,969 shares of the software maker's stock worth $236,958,000 after acquiring an additional 399,969 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth about $446,000. 98.45% of the stock is owned by institutional investors.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction on Tuesday, July 29th. The shares were 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 owned 162,988 shares in the company, valued at $36,212,673.84. This trade 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 is available through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the 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 transaction, the director 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.72% of the company's stock.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded down $2.08 during midday trading on Tuesday, reaching $213.72. The stock had a trading volume of 150,593 shares, compared to its average volume of 768,960. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 59.71 and a beta of 1.13. The stock has a 50-day moving average of $213.86 and a 200-day moving average of $192.64. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MANH shares. Truist Financial upped their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Robert W. Baird boosted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Raymond James Financial increased their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Morgan Stanley initiated coverage on Manhattan Associates in a research note on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price on the stock. Finally, Loop Capital upped their price target on Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $216.67.

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.