RGM Capital LLC grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 77.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,725 shares of the software maker's stock after purchasing an additional 203,071 shares during the period. Manhattan Associates makes up about 3.3% of RGM Capital LLC's holdings, making the stock its 16th biggest position. RGM Capital LLC owned about 0.77% of Manhattan Associates worth $80,762,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Manhattan Associates during the 4th quarter valued at about $38,000. Central Pacific Bank Trust Division lifted its holdings in shares of Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after acquiring an additional 103 shares during the last quarter. Brooklyn Investment Group increased its stake in Manhattan Associates by 70.1% in the first 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. increased its stake in Manhattan Associates by 42.5% in the first 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 position in Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock valued at $85,000 after purchasing an additional 276 shares in the last quarter. 98.45% of the stock is owned by institutional investors.
Manhattan Associates Trading Down 0.2%
Shares of MANH stock traded down $0.45 during mid-day trading on Thursday, reaching $218.46. The stock had a trading volume of 516,498 shares, compared to its average volume of 499,973. The firm has a market capitalization of $13.21 billion, a PE ratio of 61.02 and a beta of 1.10. The stock's 50-day moving average price is $207.92 and its two-hundred day moving average price is $188.34. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60.
Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its earnings results 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 company had revenue of $272.42 million during 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%. 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 business posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.
Insiders Place Their Bets
In related news, Chairman Eddie Capel sold 37,342 shares of the company's stock in a transaction that occurred 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 owned 162,988 shares in the company, valued at $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the director directly owned 11,907 shares of the company's stock, valued at $2,637,757.71. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,666 shares of company stock worth $9,251,781. 0.88% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
MANH has been the subject of a number of research reports. Morgan Stanley initiated coverage on Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 price objective for the company. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Citigroup reaffirmed a "neutral" rating and issued a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Truist Financial lifted their price target on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial boosted their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Manhattan Associates currently has an average rating of "Moderate Buy" and an average price target of $216.67.
Check Out Our Latest Stock Analysis on MANH
Manhattan Associates Company Profile
(
Free Report)
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.
Read More

Before you consider Manhattan Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manhattan Associates wasn't on the list.
While Manhattan Associates currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.