OMERS ADMINISTRATION Corp Boosts Holdings in Manhattan Associates, Inc. $MANH

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Manhattan Associates, Inc. by 32.4% during Q1, owning 9,894 shares valued at approximately $1.7 million.
• Analysts have mixed ratings for Manhattan Associates, with six analysts giving it a Buy rating, and a consensus price target of $216.67.
• The company reported earnings of $1.31 per share for the last quarter, exceeding expectations and showing a 2.7% increase in revenue compared to the previous year.

OMERS ADMINISTRATION Corp increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,894 shares of the software maker's stock after purchasing an additional 2,422 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Manhattan Associates were worth $1,712,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division lifted its holdings in Manhattan Associates by 107.3% in the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after buying an additional 103 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Manhattan Associates during the fourth quarter worth about $38,000. Brooklyn Investment Group increased its position in shares of Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock worth $62,000 after acquiring an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. grew its position in Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock worth $82,000 after purchasing an additional 142 shares in the last quarter. Finally, Bayforest Capital Ltd grew its position in Manhattan Associates by 126.6% in the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock worth $85,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James Financial upped their price objective 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. DA Davidson increased their target price on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Citigroup reissued a "neutral" rating and set a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Finally, Morgan Stanley assumed coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 target price for the company. Six equities 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.67.

Insider Transactions at Manhattan Associates

In other news, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value of $448,376.72. Following the transaction, the director owned 11,907 shares of the company's stock, valued at $2,637,757.71. This represents a 14.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the completion of the transaction, the chairman directly owned 162,988 shares in the company, valued at $36,212,673.84. The trade was a 18.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock valued at $9,251,781 in the last quarter. Insiders own 0.72% of the company's stock.

Manhattan Associates Stock Performance

NASDAQ MANH traded up $0.01 on Thursday, hitting $207.32. The stock had a trading volume of 163,577 shares, compared to its average volume of 780,155. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 57.91 and a beta of 1.13. The firm has a 50-day moving average of $209.58 and a 200-day moving average of $189.10.

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, topping analysts' consensus estimates of $1.12 by $0.19. The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. 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, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal 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.