Kera Capital Partners Inc. Acquires Shares of 1,945 Manhattan Associates, Inc. $MANH

Key Points

• Kera Capital Partners Inc. has acquired 1,945 shares of Manhattan Associates, Inc. (NASDAQ:MANH), valued at approximately $384,000.
• Insiders have sold a total of 41,666 shares of Manhattan Associates stock in the last 90 days, with notable sales from Director Linda T. Hollembaek and EVP James Stewart Gantt.
• Wall Street analysts maintain a moderate buy rating on Manhattan Associates, with a consensus price target of $216.67.

Kera Capital Partners Inc. acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,945 shares of the software maker's stock, valued at approximately $384,000.

Other institutional investors also recently bought and sold shares of the company. 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 grew its holdings in 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 grew its holdings in 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% in the first 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 during the period. Finally, Bayforest Capital Ltd grew its holdings in Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock valued at $85,000 after purchasing an additional 276 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the business's 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 owned 11,907 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of the company's 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 completion of the transaction, the executive vice president directly owned 48,660 shares in the company, valued at approximately $10,721,257.80. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,666 shares of company stock valued at $9,251,781. Insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MANH shares. Citigroup reaffirmed a "neutral" rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Loop Capital raised their price objective on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Raymond James Financial raised their price objective on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Finally, Morgan Stanley assumed coverage on Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 price objective on the stock. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Manhattan Associates has an average rating of "Moderate Buy" and a consensus price target of $216.67.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $216.10 on Friday. The stock's fifty day moving average is $212.02 and its two-hundred day moving average is $190.73. The firm has a market capitalization of $13.07 billion, a P/E ratio of 60.36 and a beta of 1.13. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.19. The company had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous 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, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.