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

Several other institutional investors and hedge funds have also modified their holdings of MANH. Central Pacific Bank Trust Division grew its holdings in shares of Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after acquiring an additional 103 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Manhattan Associates during the 4th quarter valued at $38,000. Brooklyn Investment Group grew its holdings in shares of Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock valued at $62,000 after acquiring an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. grew its holdings in shares of 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 acquiring an additional 142 shares in the last quarter. Finally, Bayforest Capital Ltd grew its holdings in shares of Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock valued at $85,000 after acquiring an additional 276 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction of $506,759.00. Following the completion of the transaction, the executive vice president directly owned 48,660 shares of the company's stock, valued at $10,721,257.80. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,666 shares of company stock valued at $9,251,781 over the last quarter. Corporate insiders own 0.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MANH shares. Loop Capital boosted their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Morgan Stanley initiated coverage on shares of Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 price objective for the company. DA Davidson upped their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup reiterated a "neutral" rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Finally, Robert W. Baird upped their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Manhattan Associates has a consensus rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates Trading Down 1.4%

NASDAQ:MANH traded down $3.12 during mid-day trading on Friday, hitting $214.74. The company's stock had a trading volume of 136,181 shares, compared to its average volume of 761,597. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 59.98 and a beta of 1.13. The stock has a fifty day moving average of $213.07 and a 200-day moving average of $191.71.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the prior year, the business posted $1.18 earnings per share. The company'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. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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.