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

Several other institutional investors have also made changes to their positions in MANH. Jones Financial Companies Lllp boosted its position in Manhattan Associates by 46,233.9% in the first quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker's stock valued at $41,371,000 after buying an additional 238,567 shares in the last quarter. Scientech Research LLC acquired a new position in Manhattan Associates in the first quarter valued at about $1,201,000. Sepio Capital LP boosted its position in Manhattan Associates by 53.6% in the first quarter. Sepio Capital LP now owns 3,342 shares of the software maker's stock valued at $578,000 after buying an additional 1,166 shares in the last quarter. Petrus Trust Company LTA acquired a new position in Manhattan Associates in the first quarter valued at about $762,000. Finally, Millennium Management LLC boosted its position in Manhattan Associates by 121.1% in the first quarter. Millennium Management LLC now owns 236,229 shares of the software maker's stock valued at $40,877,000 after buying an additional 129,402 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Manhattan Associates

In other news, Chairman Eddie Capel sold 37,342 shares of the company's 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 completion of the transaction, the chairman owned 162,988 shares in the company, valued at $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda T. Hollembaek sold 2,024 shares of the company's 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 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 90 days, insiders sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MANH. Raymond James Financial boosted their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Truist Financial upped their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley initiated coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 target price on the stock. Finally, Robert W. Baird upped their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $216.67.

Manhattan Associates Trading Down 1.4%

Shares of MANH traded down $3.16 on Friday, reaching $216.10. 435,532 shares of the company's stock were exchanged, compared to its average volume of 452,648. The stock has a market capitalization of $13.07 billion, a P/E ratio of 60.36 and a beta of 1.13. The business has a 50 day moving average price of $212.02 and a two-hundred day moving average price of $190.64. 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 quarterly earnings results 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. 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 the consensus estimate of $263.62 million. During the same period in the previous year, the firm posted $1.18 earnings per share. Manhattan Associates's revenue for the quarter 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. Equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.