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

A number of other hedge funds have also modified their holdings of MANH. Jacobs Levy Equity Management Inc. grew its position in shares of Manhattan Associates by 1,214.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker's stock worth $104,869,000 after acquiring an additional 559,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Manhattan Associates by 101.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker's stock worth $190,415,000 after acquiring an additional 554,840 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Manhattan Associates by 103.0% during the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker's stock worth $116,872,000 after acquiring an additional 347,358 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Manhattan Associates by 46,233.9% during the first quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker's stock worth $41,371,000 after acquiring an additional 238,567 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Manhattan Associates in the 1st quarter valued at $40,174,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MANH shares. Citigroup reiterated a "neutral" rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. DA Davidson lifted their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. Raymond James Financial lifted their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley started coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They issued an "underweight" rating and a $190.00 price objective on the stock. Six 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates Price Performance

Shares of NASDAQ MANH traded up $2.91 during trading on Thursday, hitting $217.86. 428,786 shares of the company were exchanged, compared to its average volume of 454,939. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 60.85 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 firm's fifty day moving average price is $213.07 and its 200 day moving average price is $191.71.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.12 by $0.19. The company had revenue of $272.42 million for 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 business's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Insider Transactions at Manhattan Associates

In other news, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates 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 transaction, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. The trade was a 18.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the transaction, the executive vice president directly owned 48,660 shares of the company's stock, valued at $10,721,257.80. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,666 shares of company stock valued at $9,251,781 in the last 90 days. 0.88% of the stock is currently owned by insiders.

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.