Manhattan Associates, Inc. $MANH Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its position in Manhattan Associates shares by 27.1%, owning 41,571 shares valued at approximately $7.19 million after acquiring additional shares in the first quarter.
• Several hedge funds have also raised their stakes in Manhattan Associates, including Cetera Investment Advisers with a 38.6% increase and Janus Henderson Group PLC with a 20.5% increase during the previous quarter.
• Manhattan Associates reported $1.31 EPS for the last quarter, surpassing estimates of $1.12, with a revenue of $272.42 million, reflecting a 2.7% year-over-year growth.

Intech Investment Management LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 27.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,571 shares of the software maker's stock after purchasing an additional 8,860 shares during the quarter. Intech Investment Management LLC owned 0.07% of Manhattan Associates worth $7,193,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cordatus Wealth Management LLC raised its position in Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock worth $213,000 after purchasing an additional 57 shares during the last quarter. Credit Agricole S A boosted its stake in shares of Manhattan Associates by 1.3% in the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker's stock worth $841,000 after buying an additional 64 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Manhattan Associates by 1.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock worth $1,134,000 after purchasing an additional 73 shares during the period. Signaturefd LLC raised its holdings in Manhattan Associates by 6.9% during the 1st quarter. Signaturefd LLC now owns 1,285 shares of the software maker's stock valued at $222,000 after acquiring an additional 83 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Manhattan Associates by 14.6% in the first quarter. Fifth Third Bancorp now owns 691 shares of the software maker's stock worth $120,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Raymond James Financial lifted their price objective on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Robert W. Baird boosted their price target on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Loop Capital increased their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Truist Financial increased their price objective on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, DA Davidson raised their price target on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Manhattan Associates currently has an average rating of "Moderate Buy" and a consensus price target of $216.67.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 2,300 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the sale, the executive vice president directly owned 48,660 shares of the company's stock, valued at $10,721,257.80. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director directly owned 11,907 shares in the company, valued at $2,637,757.71. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,666 shares of company stock valued at $9,251,781. Insiders own 0.72% of the company's stock.

Manhattan Associates Trading Up 0.5%

MANH stock traded up $0.97 on Wednesday, hitting $215.24. The company's stock had a trading volume of 79,997 shares, compared to its average volume of 765,242. The firm has a 50 day moving average of $212.46 and a two-hundred day moving average of $191.24. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 60.29 and a beta of 1.13.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $272.42 million during the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. Manhattan Associates's quarterly revenue was up 2.7% on a year-over-year basis. 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, equities analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

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.