Manhattan Associates, Inc. $MANH Shares Bought by Argent Capital Management LLC

Key Points

• Argent Capital Management LLC increased its stake in Manhattan Associates by 91.3% in Q2, owning 18,627 shares valued at approximately $3.68 million.
• Insider trading activity includes Director Linda T. Hollembaek selling 2,024 shares, representing a 14.53% decrease in her ownership, and EVP James Stewart Gantt selling 2,300 shares, marking a 4.51% decrease in his stake.
• Analyst ratings on Manhattan Associates vary, with six analysts giving it a Buy rating, while consensus target prices range around $216.67.

Argent Capital Management LLC increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 91.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,627 shares of the software maker's stock after buying an additional 8,891 shares during the quarter. Argent Capital Management LLC's holdings in Manhattan Associates were worth $3,678,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. GTS Securities LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at approximately $208,000. Toronto Dominion Bank lifted its holdings in shares of Manhattan Associates by 5.2% in the 4th quarter. Toronto Dominion Bank now owns 8,253 shares of the software maker's stock worth $2,230,000 after purchasing an additional 411 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Manhattan Associates by 103.0% in the 4th quarter. Mackenzie Financial Corp now owns 81,965 shares of the software maker's stock worth $22,150,000 after purchasing an additional 41,597 shares during the last quarter. Armis Advisers LLC bought a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $412,000. Finally, Virtue Capital Management LLC bought a new stake in Manhattan Associates during the 4th quarter valued at $248,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling at Manhattan Associates

In other news, Director Linda T. Hollembaek sold 2,024 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the transaction, the director directly owned 11,907 shares in the company, valued at $2,637,757.71. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Stewart Gantt sold 2,300 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 48,660 shares in the company, valued at $10,721,257.80. This represents 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 have sold 41,666 shares of company stock worth $9,251,781. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of research reports. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Citigroup restated a "neutral" rating and set a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Raymond James Financial boosted their target price on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Loop Capital upped their price target on Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.67.

Manhattan Associates Price Performance

NASDAQ MANH opened at $215.80 on Tuesday. The firm has a market cap of $13.05 billion, a PE ratio of 60.28 and a beta of 1.13. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The stock's 50 day simple moving average is $213.86 and its 200 day simple moving average is $192.64.

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

Manhattan Associates 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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