Pembroke Management LTD Raises Holdings in Manhattan Associates, Inc. $MANH

Key Points

• Pembroke Management LTD increased its holdings in Manhattan Associates by 38.5% during the first quarter, owning 74,285 shares valued at approximately $12.85 million.
• Several other institutional investors also significantly raised their positions in Manhattan Associates, including Lazard Asset Management, which increased its stake by 2,075.5%, and BNP Paribas Financial Markets, which raised its position by 467.5%.
• Manhattan Associates reported a quarterly earnings per share of $1.31, exceeding analysts' expectations, and set a fiscal year 2025 EPS guidance of $4.760-4.840.

Pembroke Management LTD increased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 38.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,285 shares of the software maker's stock after buying an additional 20,652 shares during the quarter. Manhattan Associates comprises about 1.9% of Pembroke Management LTD's investment portfolio, making the stock its 24th biggest position. Pembroke Management LTD owned 0.12% of Manhattan Associates worth $12,854,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its position in Manhattan Associates by 2,075.5% in the fourth quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock valued at $107,842,000 after purchasing an additional 380,722 shares during the period. Nuveen LLC purchased a new position in Manhattan Associates in the first quarter valued at about $40,174,000. RGM Capital LLC raised its position in Manhattan Associates by 77.0% in the first quarter. RGM Capital LLC now owns 466,725 shares of the software maker's stock valued at $80,762,000 after purchasing an additional 203,071 shares during the period. BNP Paribas Financial Markets raised its position in Manhattan Associates by 467.5% in the first quarter. BNP Paribas Financial Markets now owns 212,218 shares of the software maker's stock valued at $36,722,000 after purchasing an additional 174,823 shares during the period. Finally, GAMMA Investing LLC raised its position in Manhattan Associates by 10,499.0% in the first quarter. GAMMA Investing LLC now owns 176,155 shares of the software maker's stock valued at $30,482,000 after purchasing an additional 174,493 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Linda T. Hollembaek sold 2,024 shares of the business's 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 sale, the director owned 11,907 shares of the company's stock, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $220.33, for a total value of $506,759.00. Following the completion of the transaction, the executive vice president directly owned 48,660 shares in the company, valued at $10,721,257.80. This represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,666 shares of company stock valued at $9,251,781 over the last quarter. Corporate insiders own 0.88% of the company's stock.

Manhattan Associates Trading Down 0.2%

MANH opened at $218.46 on Friday. The business's 50 day moving average is $207.92 and its 200-day moving average is $188.34. The stock has a market cap of $13.21 billion, a PE ratio of 61.02 and a beta of 1.10. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly 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. The company had revenue of $272.42 million for the quarter, compared to analysts' expectations of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on MANH. Truist Financial raised their price objective on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital raised their target price 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 initiated coverage on Manhattan Associates in a research note on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price for the company. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their target price for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Citigroup restated a "neutral" rating and issued a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Manhattan Associates has an average rating of "Moderate Buy" and a consensus target price of $216.67.

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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