Manhattan Associates, Inc. $MANH Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. has decreased its holdings in Manhattan Associates, Inc. by 2.7%, now owning approximately 274,424 shares worth $47.49 million.
• Insider sales included EVP James Stewart Gantt and Director Linda T. Hollembaek, with total shares sold amounting to over $955,000 in recent transactions.
• Analysts have a consensus rating of "Moderate Buy" for Manhattan Associates, with price targets ranging from $200 to $250.

Epoch Investment Partners Inc. decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 274,424 shares of the software maker's stock after selling 7,544 shares during the period. Epoch Investment Partners Inc. owned approximately 0.45% of Manhattan Associates worth $47,486,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in Manhattan Associates in the 4th quarter valued at about $38,000. Central Pacific Bank Trust Division raised its holdings in Manhattan Associates by 107.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after acquiring an additional 103 shares during the last quarter. Brooklyn Investment Group raised its holdings in Manhattan Associates by 70.1% in the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock valued at $62,000 after acquiring an additional 148 shares during the last quarter. Reyes Financial Architecture Inc. raised its holdings in Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock valued at $82,000 after acquiring an additional 142 shares during the last quarter. Finally, Bayforest Capital Ltd raised its holdings in Manhattan Associates by 126.6% in the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock valued at $85,000 after acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the completion of the transaction, the executive vice president owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction 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 transaction, the director owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,666 shares of company stock valued at $9,251,781. Company insiders own 0.72% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MANH. Robert W. Baird increased their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Raymond James Financial increased their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Loop Capital increased their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Finally, Citigroup reissued a "neutral" rating and issued a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Six 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. According to MarketBeat.com, Manhattan Associates has a consensus rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $214.64 on Wednesday. The stock has a market capitalization of $12.98 billion, a P/E ratio of 59.96 and a beta of 1.10. The company has a 50 day moving average price of $206.71 and a 200 day moving average price of $187.85. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.19. The firm had revenue of $272.42 million during the quarter, compared to analysts' expectations of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Research analysts forecast 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.

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