Scientech Research LLC Invests $1.20 Million in Manhattan Associates, Inc. $MANH

Key Points

• Scientech Research LLC has acquired a new stake in Manhattan Associates, purchasing 6,942 shares valued at approximately $1.2 million.
• Institutional investors and hedge funds hold 98.45% of Manhattan Associates' stock, indicating significant institutional interest and confidence in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Manhattan Associates, with a target price average of $216.67.

Scientech Research LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,942 shares of the software maker's stock, valued at approximately $1,201,000.

Other large investors have also modified their holdings of the company. Central Pacific Bank Trust Division increased its stake in shares of Manhattan Associates by 107.3% during the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after buying an additional 103 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter valued at approximately $38,000. Brooklyn Investment Group raised its holdings in shares of Manhattan Associates by 70.1% in the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock valued at $62,000 after purchasing an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. lifted its position in shares of Manhattan Associates by 42.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock worth $82,000 after purchasing an additional 142 shares during the last quarter. Finally, Bayforest Capital Ltd grew its stake in shares of Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock worth $85,000 after purchasing an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Manhattan Associates Trading Down 1.5%

Shares of NASDAQ MANH traded down $3.36 during midday trading on Friday, reaching $215.90. 166,908 shares of the company were exchanged, compared to its average volume of 770,205. The stock has a market cap of $13.06 billion, a P/E ratio of 60.28 and a beta of 1.13. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The stock has a fifty day simple moving average of $211.70 and a 200 day simple moving average of $190.37.

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 the consensus estimate of $1.12 by $0.19. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $272.42 million during the quarter, compared to the consensus estimate of $263.62 million. During the same period in the prior year, the business earned $1.18 EPS. The firm's 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 earnings per share for the current year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value of $448,376.72. Following the transaction, the director directly owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. The trade was a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the firm's stock in a transaction on 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 completion of the sale, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. This trade represents a 18.64% 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 worth $9,251,781 in the last three months. Insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MANH shares. Morgan Stanley started coverage on Manhattan Associates in a research note on Monday, July 14th. They issued an "underweight" rating and a $190.00 price target on the stock. Loop Capital increased their price objective on Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Truist Financial boosted their target price on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird upped their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Raymond James Financial raised their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and a consensus price target of $216.67.

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.