Amundi Buys 46,395 Shares of Manhattan Associates, Inc. $MANH

Amundi lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 42.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,772 shares of the software maker's stock after acquiring an additional 46,395 shares during the quarter. Amundi owned approximately 0.25% of Manhattan Associates worth $25,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MANH. Lazard Asset Management LLC increased its position in shares of Manhattan Associates by 2,075.5% in the fourth quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock valued at $107,842,000 after acquiring an additional 380,722 shares during the last quarter. Nuveen LLC acquired a new position in Manhattan Associates during the first quarter worth approximately $40,174,000. RGM Capital LLC increased its position in Manhattan Associates by 77.0% during the first quarter. RGM Capital LLC now owns 466,725 shares of the software maker's stock worth $80,762,000 after buying an additional 203,071 shares during the last quarter. BNP Paribas Financial Markets increased its position in Manhattan Associates by 467.5% during the first quarter. BNP Paribas Financial Markets now owns 212,218 shares of the software maker's stock worth $36,722,000 after buying an additional 174,823 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Manhattan Associates by 10,499.0% during the first quarter. GAMMA Investing LLC now owns 176,155 shares of the software maker's stock worth $30,482,000 after buying an additional 174,493 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Manhattan Associates Trading Down 1.4%

Shares of NASDAQ:MANH traded down $3.16 during trading on Friday, reaching $216.10. 435,532 shares of the stock were exchanged, compared to its average volume of 452,648. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The firm has a market cap of $13.07 billion, a PE ratio of 60.36 and a beta of 1.13. The stock has a 50-day moving average price of $212.02 and a 200-day moving average price of $190.73.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.19. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The company had revenue of $272.42 million during the quarter, compared to analysts' expectations of $263.62 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The business'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. On average, sell-side analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley assumed coverage on Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 price target on the stock. Robert W. Baird boosted their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Raymond James Financial boosted their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Citigroup reissued a "neutral" rating and set a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Finally, Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.67.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $220.33, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Eddie Capel sold 37,342 shares of the business'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 sale, the chairman owned 162,988 shares of the company's stock, valued at approximately $36,212,673.84. This trade represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,666 shares of company stock worth $9,251,781. Company insiders own 0.88% of the company's stock.

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.