Thematics Asset Management Boosts Stock Position in Manhattan Associates, Inc. $MANH

Key Points

• Thematics Asset Management increased its stake in Manhattan Associates by 15.3% in Q1, purchasing an additional 14,508 shares and now owns approximately 0.18% of the company valued at $18.9 million.
• Manhattan Associates reported an EPS of $1.31 in its latest earnings, exceeding analyst projections by $0.19, with revenue of $272.42 million, up 2.7% year-over-year.
• Multiple brokerages have revised their price targets for Manhattan Associates, with Raymond James raising theirs to $250.00 from $195.00 and Truist Financial to $230.00 from $210.00.

Thematics Asset Management raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,238 shares of the software maker's stock after purchasing an additional 14,508 shares during the period. Thematics Asset Management owned approximately 0.18% of Manhattan Associates worth $18,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northern Trust Corp grew its position in Manhattan Associates by 6.3% during the 1st quarter. Northern Trust Corp now owns 809,894 shares of the software maker's stock worth $140,144,000 after acquiring an additional 48,074 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Manhattan Associates by 10.1% during the 1st quarter. Bank of New York Mellon Corp now owns 591,794 shares of the software maker's stock worth $102,404,000 after buying an additional 54,273 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Manhattan Associates by 5.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,570 shares of the software maker's stock worth $147,435,000 after acquiring an additional 27,621 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Manhattan Associates by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 513,293 shares of the software maker's stock valued at $138,714,000 after acquiring an additional 73,546 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Manhattan Associates by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 493,208 shares of the software maker's stock valued at $133,293,000 after acquiring an additional 15,201 shares during the period. Institutional investors own 98.45% of the company's stock.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the business'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 sale, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. The trade was a 18.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the executive vice president directly owned 48,660 shares in the company, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,666 shares of company stock worth $9,251,781. Corporate insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Raymond James Financial boosted their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Loop Capital boosted their target price on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Truist Financial boosted their price objective on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Six investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $216.67.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock traded down $0.45 on Thursday, reaching $218.46. 516,498 shares of the company traded hands, compared to its average volume of 789,853. The company has a 50 day moving average of $207.32 and a 200 day moving average of $188.06. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The firm has a market capitalization of $13.21 billion, a PE ratio of 61.02 and a beta of 1.10.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.19. The firm had revenue of $272.42 million for the quarter, compared to analysts' expectations of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share 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.