National Pension Service Has $405,000 Holdings in Manhattan Associates, Inc. $MANH

Key Points

• The National Pension Service significantly reduced its stake in Manhattan Associates by 97.8%, selling 102,200 shares and ending with 2,342 shares valued at $405,000.
• Analysts have varied opinions on Manhattan Associates, with price targets ranging from $200 to $250, indicating a mixed outlook on the stock's value.
• Insider selling activity was notable, with Chairman Eddie Capel selling 37,342 shares worth approximately $8.3 million, reflecting an 18.64% decrease in his ownership.

National Pension Service cut its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 97.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,342 shares of the software maker's stock after selling 102,200 shares during the quarter. National Pension Service's holdings in Manhattan Associates were worth $405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Manhattan Associates by 40.7% during the 4th quarter. Barclays PLC now owns 99,259 shares of the software maker's stock worth $26,824,000 after purchasing an additional 28,702 shares in the last quarter. Jump Financial LLC bought a new position in Manhattan Associates in the fourth quarter worth $687,000. Evergreen Capital Management LLC boosted its stake in Manhattan Associates by 6.7% during the fourth quarter. Evergreen Capital Management LLC now owns 1,858 shares of the software maker's stock worth $502,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Manhattan Associates by 28.6% in the 4th quarter. NewEdge Advisors LLC now owns 1,938 shares of the software maker's stock valued at $524,000 after buying an additional 431 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $816,000. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MANH has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Raymond James Financial raised their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Loop Capital upped their price objective on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Morgan Stanley began coverage on Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price for the company. Finally, Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their price target for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock traded down $3.53 during trading on Wednesday, hitting $212.02. 531,067 shares of the company were exchanged, compared to its average volume of 801,697. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The firm has a market capitalization of $12.82 billion, a P/E ratio of 59.22 and a beta of 1.10. The firm's fifty day moving average price is $204.42 and its 200 day moving average price is $187.33.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.19. The business 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 in the prior year, the company earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Insider Activity at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of the 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 transaction, the director directly owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction 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. In the last quarter, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.72% of the stock is owned by insiders.

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.