Sepio Capital LP Grows Position in Manhattan Associates, Inc. $MANH

Sepio Capital LP lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 53.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,342 shares of the software maker's stock after buying an additional 1,166 shares during the quarter. Sepio Capital LP's holdings in Manhattan Associates were worth $578,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Northern Trust Corp increased its position in Manhattan Associates by 6.3% in the first quarter. Northern Trust Corp now owns 809,894 shares of the software maker's stock worth $140,144,000 after purchasing an additional 48,074 shares during the last quarter. AQR Capital Management LLC increased its position in Manhattan Associates by 103.0% in the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker's stock worth $116,872,000 after purchasing an additional 347,358 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Manhattan Associates by 1,214.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker's stock worth $104,869,000 after purchasing an additional 559,923 shares during the last quarter. Bank of New York Mellon Corp increased its position in Manhattan Associates by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 591,794 shares of the software maker's stock worth $102,404,000 after purchasing an additional 54,273 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Manhattan Associates by 5.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,570 shares of the software maker's stock worth $147,435,000 after purchasing an additional 27,621 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective on the stock. Redburn Atlantic cut shares of 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. Robert W. Baird upped their price target on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Citigroup restated a "neutral" rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Finally, Raymond James Financial upped their price target 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 analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $216.67.

Insider Buying and Selling at Manhattan Associates

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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is currently owned by insiders.

Manhattan Associates Stock Down 1.4%

NASDAQ:MANH traded down $3.16 during mid-day trading on Friday, reaching $216.10. The company's stock had a trading volume of 435,532 shares, compared to its average volume of 452,648. 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 moving average of $212.02 and a 200-day moving average of $190.73. The firm has a market capitalization of $13.07 billion, a PE ratio of 60.36 and a beta of 1.13.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating the consensus estimate of $1.12 by $0.19. The business had revenue of $272.42 million during the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

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.