Manhattan Associates, Inc. $MANH Holdings Boosted by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC significantly increased its stake in Manhattan Associates by 99.9%, holding 2,711 shares valued at approximately $590,000 as of the most recent reporting period.
• Recently, Chairman Eddie Capel sold 37,342 shares for over $8.2 million, representing a 18.64% decrease in his ownership of the company.
• Manhattan Associates reported an earnings per share (EPS) of $1.36 for the latest quarter, exceeding analysts' expectations, with a revenue of $275.80 million, reflecting a 3.4% year-over-year increase.

Chicago Partners Investment Group LLC boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 99.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,711 shares of the software maker's stock after purchasing an additional 1,355 shares during the period. Chicago Partners Investment Group LLC's holdings in Manhattan Associates were worth $590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cordatus Wealth Management LLC grew its holdings in shares of Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock valued at $213,000 after acquiring an additional 57 shares in the last quarter. Credit Agricole S A grew its holdings in shares of Manhattan Associates by 1.3% during the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker's stock valued at $841,000 after acquiring an additional 64 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Manhattan Associates by 3.5% during the 2nd quarter. Quent Capital LLC now owns 1,947 shares of the software maker's stock valued at $384,000 after acquiring an additional 65 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock valued at $1,134,000 after acquiring an additional 73 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Manhattan Associates by 1.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker's stock valued at $846,000 after acquiring an additional 76 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the company's 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 transaction, the chairman owned 162,988 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction dated 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 sale, the director owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock worth $9,251,781 over the last three months. 0.72% of the stock is owned by company insiders.

Manhattan Associates Stock Up 2.3%

Shares of Manhattan Associates stock opened at $204.66 on Wednesday. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The company has a 50-day simple moving average of $210.10 and a two-hundred day simple moving average of $197.16. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 57.17 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating the consensus estimate of $1.18 by $0.18. The company had revenue of $275.80 million during the quarter, compared to analysts' expectations of $271.66 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 EPS. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MANH shares. Zacks Research cut shares of Manhattan Associates from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Morgan Stanley dropped their price objective on shares of Manhattan Associates from $205.00 to $195.00 and set an "underweight" rating for the company in a report on Tuesday, October 14th. Citigroup restated 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. Truist Financial increased their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays initiated coverage on shares of Manhattan Associates in a report on Tuesday, October 7th. They set an "overweight" rating and a $247.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $222.91.

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.

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