Sivia Capital Partners LLC Makes New $446,000 Investment in Manhattan Associates, Inc. $MANH

Key Points

• Sivia Capital Partners LLC has invested approximately $446,000 to acquire 2,257 shares of Manhattan Associates, Inc. in the second quarter, indicating growing interest in the software maker.
• Recent analyst reports show increased price targets for Manhattan Associates, with Raymond James raising its target from $195 to $250, and the stock currently holds a consensus rating of "Moderate Buy."
• Insiders, including the Director and Chairman, sold significant shares of the company totaling over $9 million in recent transactions, reflecting a decrease in their ownership stakes.

Sivia Capital Partners LLC bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,257 shares of the software maker's stock, valued at approximately $446,000.

Several other institutional investors have also added to or reduced their stakes in MANH. Cordatus Wealth Management LLC lifted its holdings in shares of Manhattan Associates by 4.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock worth $213,000 after purchasing an additional 57 shares in the last quarter. Credit Agricole S A lifted its holdings in shares of Manhattan Associates by 1.3% in the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker's stock worth $841,000 after purchasing an additional 64 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Manhattan Associates by 1.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock worth $1,134,000 after purchasing an additional 73 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Manhattan Associates by 6.9% in the 1st quarter. Signaturefd LLC now owns 1,285 shares of the software maker's stock worth $222,000 after purchasing an additional 83 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Manhattan Associates by 14.6% in the 1st quarter. Fifth Third Bancorp now owns 691 shares of the software maker's stock worth $120,000 after purchasing an additional 88 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Down 0.1%

Shares of MANH traded down $0.15 during mid-day trading on Friday, hitting $217.71. 2,440,695 shares of the company's stock traded hands, compared to its average volume of 456,228. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The firm has a market capitalization of $13.16 billion, a P/E ratio of 60.81 and a beta of 1.13. The business's 50-day moving average price is $213.50 and its 200-day moving average price is $192.16.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (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 for the quarter, compared to analysts' expectations of $263.62 million. During the same period in the previous year, the firm earned $1.18 earnings per share. The business'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. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates 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 directly owned 11,907 shares in the company, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value of $8,296,645.56. Following the sale, the chairman owned 162,988 shares in the company, valued at $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. Insiders have sold 41,666 shares of company stock worth $9,251,781 over the last ninety days. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Truist Financial increased their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley initiated coverage on Manhattan Associates in a research report on Monday, July 14th. They issued an "underweight" rating and a $190.00 price target for the company. Raymond James Financial increased their price target on Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, DA Davidson increased their price target on Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Manhattan Associates has an average rating of "Moderate Buy" and an average target price 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.