Kestra Investment Management LLC Raises Holdings in Manhattan Associates, Inc. $MANH

Key Points

• Kestra Investment Management LLC has increased its holdings in Manhattan Associates, Inc. by 60.5% during the first quarter, now owning a total of 3,298 shares worth approximately $571,000.
• Insiders sold a total of 41,666 shares from Manhattan Associates in the last 90 days, with EVP James Stewart Gantt and Chairman Eddie Capel significantly reducing their stakes by 4.51% and 18.64% respectively.
• Manhattan Associates recently reported earnings of $1.31 per share, exceeding estimates, and has set a FY 2025 guidance of $4.760-$4.840 EPS.

Kestra Investment Management LLC boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 60.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,298 shares of the software maker's stock after purchasing an additional 1,243 shares during the quarter. Kestra Investment Management LLC's holdings in Manhattan Associates were worth $571,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC purchased a new stake in Manhattan Associates in the 1st quarter valued at $214,000. Allianz Asset Management GmbH grew its holdings in Manhattan Associates by 18.9% in the 1st quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker's stock valued at $24,864,000 after buying an additional 22,845 shares in the last quarter. SG Americas Securities LLC grew its holdings in Manhattan Associates by 876.3% in the 1st quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker's stock valued at $1,318,000 after buying an additional 6,835 shares in the last quarter. Abacus FCF Advisors LLC grew its holdings in Manhattan Associates by 170.0% in the 1st quarter. Abacus FCF Advisors LLC now owns 32,865 shares of the software maker's stock valued at $5,687,000 after buying an additional 20,691 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Manhattan Associates by 165.1% in the 1st quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker's stock valued at $740,000 after buying an additional 2,665 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Down 1.4%

MANH traded down $3.16 during mid-day trading on Friday, hitting $216.10. 435,532 shares of the stock were exchanged, compared to its average volume of 455,982. The firm's fifty day moving average is $212.02 and its two-hundred day moving average is $190.84. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a market cap of $13.07 billion, a PE ratio of 60.36 and a beta of 1.13.

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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.19. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the prior year, the company earned $1.18 EPS. Manhattan Associates'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. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Insider Buying and Selling

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the sale, the chairman owned 162,988 shares in the company, valued at $36,212,673.84. This represents a 18.64% decrease in their position. The sale 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 company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the sale, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.88% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MANH shares. DA Davidson upped their target price on Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Loop Capital upped their price target on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Robert W. Baird upped their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Citigroup reaffirmed a "neutral" rating and issued a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Finally, Truist Financial upped their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Manhattan Associates has a consensus rating of "Moderate Buy" and an average price target of $216.67.

Manhattan Associates Company 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.