Voya Investment Management LLC Grows Position in Manhattan Associates, Inc. $MANH

Key Points

• Voya Investment Management LLC increased its stake in Manhattan Associates by 13.7%, owning 43,482 shares valued at $7.5 million as of its latest SEC filing.
• Several large investors, including Jacobs Levy Equity Management and UBS AM, significantly increased their holdings in Manhattan Associates during the same period, reflecting strong interest from institutional investors.
• Manhattan Associates reported an earnings per share of $1.31, exceeding analysts' expectations, and has set its FY 2025 guidance between 4.760 and 4.840 EPS, indicating positive growth prospects.

Voya Investment Management LLC lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,482 shares of the software maker's stock after purchasing an additional 5,247 shares during the quarter. Voya Investment Management LLC owned 0.07% of Manhattan Associates worth $7,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Manhattan Associates by 38.6% in the 4th quarter. Cetera Investment Advisers now owns 5,902 shares of the software maker's stock worth $1,595,000 after acquiring an additional 1,645 shares during the last quarter. Focus Partners Wealth bought a new position in Manhattan Associates in the 4th quarter worth about $252,000. Janus Henderson Group PLC increased its stake in Manhattan Associates by 20.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,327 shares of the software maker's stock worth $899,000 after acquiring an additional 565 shares during the last quarter. ProShare Advisors LLC increased its stake in Manhattan Associates by 7.0% in the 4th quarter. ProShare Advisors LLC now owns 2,858 shares of the software maker's stock worth $772,000 after acquiring an additional 188 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in Manhattan Associates by 4.1% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,417 shares of the software maker's stock worth $653,000 after acquiring an additional 95 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Linda T. Hollembaek sold 2,024 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of the firm'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 transaction, the executive vice president 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. Insiders have sold a total of 41,666 shares of company stock worth $9,251,781 in the last ninety days. 0.72% of the stock is owned by insiders.

Manhattan Associates Stock Performance

MANH traded down $0.15 on Friday, hitting $217.71. 2,440,695 shares of the company were exchanged, compared to its average volume of 557,170. The firm has a fifty day simple moving average of $213.50 and a two-hundred day simple moving average of $192.32. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The stock has a market capitalization of $13.16 billion, a PE ratio of 60.81 and a beta of 1.13.

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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.19. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The business had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same period last year, the company earned $1.18 EPS. 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. On average, equities analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MANH. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Truist Financial increased their price objective on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Citigroup reiterated 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. Robert W. Baird increased their price objective on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, DA Davidson increased their price objective on Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and an average price target of $216.67.

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.