Robeco Institutional Asset Management B.V. Has $1.15 Million Position in Manhattan Associates, Inc. $MANH

Robeco Institutional Asset Management B.V. cut its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 87.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,820 shares of the software maker's stock after selling 41,762 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Manhattan Associates were worth $1,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Poinciana Advisors Group LLC acquired a new position in Manhattan Associates during the 2nd quarter worth approximately $308,000. HB Wealth Management LLC increased its position in Manhattan Associates by 13.9% during the 2nd quarter. HB Wealth Management LLC now owns 14,158 shares of the software maker's stock worth $2,796,000 after purchasing an additional 1,728 shares in the last quarter. Capital Insight Partners LLC increased its position in Manhattan Associates by 7.7% during the 2nd quarter. Capital Insight Partners LLC now owns 17,625 shares of the software maker's stock worth $3,480,000 after purchasing an additional 1,266 shares in the last quarter. Cadent Capital Advisors LLC acquired a new position in Manhattan Associates during the 2nd quarter worth approximately $265,000. Finally, Argent Capital Management LLC increased its position in Manhattan Associates by 91.3% during the 2nd quarter. Argent Capital Management LLC now owns 18,627 shares of the software maker's stock worth $3,678,000 after purchasing an additional 8,891 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

MANH opened at $198.95 on Wednesday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 55.57 and a beta of 1.12. The company's 50 day moving average price is $212.95 and its two-hundred day moving average price is $195.19.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted 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. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The company had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same period in the prior year, the firm posted $1.18 EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Insider Activity

In other news, 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 sale, the executive vice president directly owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the completion of the sale, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MANH shares. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. DA Davidson upped their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital upped their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Morgan Stanley began coverage on shares of Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 target price on the stock. Finally, Barclays set a $247.00 target price on shares of Manhattan Associates in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has an average rating of "Hold" and a consensus price target of $222.45.

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.

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