UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 554,840 Shares of Manhattan Associates, Inc. $MANH

Key Points

• UBS Asset Management significantly increased its holdings in Manhattan Associates, Inc. by 101.7%, now owning approximately 1.81% of the company worth $190.42 million.
• Several other institutional investors also boosted their stakes in Manhattan Associates, highlighting strong interest with 98.45% of the company’s stock owned by institutional investors and hedge funds.
• Manhattan Associates reported better-than-expected earnings with an EPS of $1.31, surpassing estimates, and has received a variety of analyst ratings with an average price target of $216.67.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 101.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,100,410 shares of the software maker's stock after purchasing an additional 554,840 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.81% of Manhattan Associates worth $190,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DAVENPORT & Co LLC bought a new position in Manhattan Associates in the 1st quarter valued at approximately $214,000. Allianz Asset Management GmbH increased its position in Manhattan Associates by 18.9% in the 1st quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker's stock valued at $24,864,000 after acquiring an additional 22,845 shares during the period. SG Americas Securities LLC increased its position in Manhattan Associates by 876.3% in the 1st quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker's stock valued at $1,318,000 after acquiring an additional 6,835 shares during the period. Abacus FCF Advisors LLC increased its position in Manhattan Associates by 170.0% in the 1st quarter. Abacus FCF Advisors LLC now owns 32,865 shares of the software maker's stock valued at $5,687,000 after acquiring an additional 20,691 shares during the period. Finally, Merit Financial Group LLC increased its position in Manhattan Associates by 165.1% in the 1st quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker's stock valued at $740,000 after acquiring an additional 2,665 shares during the period. Institutional investors own 98.45% of the company's stock.

Insider Buying and Selling

In related news, Chairman Eddie Capel sold 37,342 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the transaction, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,666 shares of company stock worth $9,251,781. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MANH has been the subject of several recent research reports. Truist Financial upped their price target on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. DA Davidson increased their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Finally, Loop Capital increased their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Six 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. Based on data from MarketBeat, Manhattan Associates has a consensus rating of "Moderate Buy" and an average target price of $216.67.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock traded up $1.38 during trading hours on Wednesday, reaching $215.65. The company's stock had a trading volume of 70,419 shares, compared to its average volume of 765,157. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The company has a market capitalization of $13.04 billion, a P/E ratio of 60.24 and a beta of 1.13. The stock's fifty day simple moving average is $212.46 and its two-hundred day simple moving average is $191.24.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same period last year, the firm earned $1.18 earnings per share. The business's quarterly 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, research analysts forecast 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.