Poinciana Advisors Group LLC Makes New $308,000 Investment in Manhattan Associates, Inc. $MANH

Key Points

• Poinciana Advisors Group LLC made a new investment of $308,000 in Manhattan Associates, acquiring 1,561 shares of the software maker's stock during the second quarter.
• Manhattan Associates reported $1.31 earnings per share for its latest quarter, surpassing analysts' expectations, and had a quarterly revenue of $272.42 million, a 2.7% increase year-over-year.
• Insider selling activity included James Stewart Gantt and Eddie Capel, who sold a combined total of nearly $8.8 million in company stock over the past quarter.

Poinciana Advisors Group LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,561 shares of the software maker's stock, valued at approximately $308,000.

Several other institutional investors have also recently bought and sold shares of the business. HB Wealth Management LLC raised its holdings in Manhattan Associates by 13.9% during the second quarter. HB Wealth Management LLC now owns 14,158 shares of the software maker's stock worth $2,796,000 after buying an additional 1,728 shares during the last quarter. Capital Insight Partners LLC raised its holdings in shares of Manhattan Associates by 7.7% in the second quarter. Capital Insight Partners LLC now owns 17,625 shares of the software maker's stock valued at $3,480,000 after purchasing an additional 1,266 shares during the last quarter. Cadent Capital Advisors LLC purchased a new stake in shares of Manhattan Associates in the second quarter valued at about $265,000. Argent Capital Management LLC raised its holdings in shares of Manhattan Associates by 91.3% in the second quarter. Argent Capital Management LLC now owns 18,627 shares of the software maker's stock valued at $3,678,000 after purchasing an additional 8,891 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Manhattan Associates by 77.3% in the second quarter. GAMMA Investing LLC now owns 1,805 shares of the software maker's stock valued at $356,000 after purchasing an additional 787 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $207.67 on Tuesday. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The company has a 50-day simple moving average of $214.92 and a 200 day simple moving average of $194.17. The company has a market capitalization of $12.56 billion, a PE ratio of 58.01 and a beta of 1.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business had revenue of $272.42 million during the quarter, compared to the consensus estimate of $263.62 million. During the same quarter last year, the company posted $1.18 earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. 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 fiscal year.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction dated 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 in the company, valued at $10,721,257.80. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction dated 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 transaction, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. This represents a 18.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,666 shares of company stock worth $9,251,781 over the last quarter. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Manhattan Associates in a report on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price for the company. Citigroup reiterated a "neutral" rating and issued a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Loop Capital increased their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Zacks Research downgraded shares of Manhattan Associates from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their target price for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of "Hold" and a consensus price target of $216.67.

About Manhattan Associates

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.