Sei Investments Co. Decreases Stock Holdings in Manhattan Associates, Inc. $MANH

Key Points

• Sei Investments Co. reduced its holdings in Manhattan Associates by 54.1%, owning 56,094 shares valued at approximately $9,707,000 after selling 66,215 shares in the first quarter.
• Institutional investors now control 98.45% of Manhattan Associates' stock, with notable increases in holdings from firms like Lazard Asset Management and GAMMA Investing.
• Manhattan Associates reported $1.31 earnings per share for the last quarter, surpassing analysts' estimates, alongside a 2.7% year-over-year revenue increase to $272.42 million.

Sei Investments Co. decreased its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 54.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,094 shares of the software maker's stock after selling 66,215 shares during the period. Sei Investments Co. owned 0.09% of Manhattan Associates worth $9,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MANH. BOKF NA boosted its position in shares of Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after purchasing an additional 55 shares in the last quarter. Cordatus Wealth Management LLC boosted its position in shares of Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock valued at $213,000 after purchasing an additional 57 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Manhattan Associates by 1.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock worth $1,134,000 after acquiring an additional 73 shares in the last quarter. Signaturefd LLC boosted its holdings in Manhattan Associates by 6.9% in the first quarter. Signaturefd LLC now owns 1,285 shares of the software maker's stock worth $222,000 after acquiring an additional 83 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in 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 acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Manhattan Associates Price Performance

Shares of MANH stock traded down $4.6450 during trading hours on Wednesday, reaching $210.9050. The company had a trading volume of 64,309 shares, compared to its average volume of 798,652. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The business has a fifty day simple moving average of $204.42 and a 200-day simple moving average of $187.33. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 58.91 and a beta of 1.10.

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, beating analysts' consensus estimates of $1.12 by $0.19. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The company had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same quarter last year, the company earned $1.18 earnings per share. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on MANH. Morgan Stanley began coverage on Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 price target on the stock. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price target for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Citigroup reiterated a "neutral" rating and issued a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Raymond James Financial increased their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Truist Financial increased their price target on Manhattan Associates from $210.00 to $230.00 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $216.67.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value of $8,296,645.56. Following the sale, the chairman directly owned 162,988 shares of the company's stock, valued at $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,666 shares of company stock valued at $9,251,781. 0.72% of the stock is owned by insiders.

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.