Strs Ohio Invests $9.17 Million in Manhattan Associates, Inc. $MANH

Key Points

• Strs Ohio has invested approximately $9.17 million in Manhattan Associates, acquiring 53,000 shares, which represents around 0.09% ownership of the company.
• Manhattan Associates reported a net margin of 20.91% and recorded earnings of $1.31 EPS, surpassing analysts' expectations during their latest earnings announcement.
• Institutions own 98.45% of Manhattan Associates stock, with several notable stakeholders increasing their positions in the fourth quarter.

Strs Ohio acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,000 shares of the software maker's stock, valued at approximately $9,171,000. Strs Ohio owned approximately 0.09% of Manhattan Associates as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of Manhattan Associates by 38.6% in the fourth quarter. Cetera Investment Advisers now owns 5,902 shares of the software maker's stock valued at $1,595,000 after purchasing an additional 1,645 shares during the period. Focus Partners Wealth acquired a new position in shares of Manhattan Associates in the fourth quarter valued at about $252,000. Janus Henderson Group PLC grew its stake in shares of Manhattan Associates by 20.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,327 shares of the software maker's stock valued at $899,000 after acquiring an additional 565 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Manhattan Associates by 2.9% in the fourth quarter. Nuveen Asset Management LLC now owns 231,901 shares of the software maker's stock valued at $62,669,000 after acquiring an additional 6,622 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Manhattan Associates in the fourth quarter valued at about $2,190,000. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $216.10 on Friday. The company has a 50 day simple moving average of $212.02 and a 200 day simple moving average of $190.73. The firm has a market cap of $13.07 billion, a PE ratio of 60.36 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.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the transaction, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Eddie Capel sold 37,342 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman owned 162,988 shares of the company's stock, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock worth $9,251,781 in the last quarter. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

MANH has been the topic of a number of analyst reports. Raymond James Financial increased their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Citigroup reissued 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 stock a "hold" rating in a report on Tuesday, July 22nd. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Finally, 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. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $216.67.

Manhattan Associates 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.

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH - Free Report).

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.