UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stock Position in 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 raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 101.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,100,410 shares of the software maker's stock after acquiring an additional 554,840 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.81% of Manhattan Associates worth $190,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MANH. Jacobs Levy Equity Management Inc. increased its position in Manhattan Associates by 1,214.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker's stock valued at $104,869,000 after acquiring an additional 559,923 shares during the period. AQR Capital Management LLC increased its position in Manhattan Associates by 103.0% in the 1st quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker's stock valued at $116,872,000 after acquiring an additional 347,358 shares during the period. Jones Financial Companies Lllp increased its position in Manhattan Associates by 46,233.9% in the 1st quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker's stock valued at $41,371,000 after acquiring an additional 238,567 shares during the period. Nuveen LLC acquired a new position in Manhattan Associates in the 1st quarter valued at approximately $40,174,000. Finally, RGM Capital LLC increased its position in Manhattan Associates by 77.0% in the 1st quarter. RGM Capital LLC now owns 466,725 shares of the software maker's stock valued at $80,762,000 after acquiring an additional 203,071 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Down 1.4%

NASDAQ MANH traded down $3.16 on Friday, hitting $216.10. 435,532 shares of the company were exchanged, compared to its average volume of 455,982. The company 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 12 month low of $140.81 and a 12 month high of $312.60. The stock has a fifty day moving average of $212.02 and a 200-day moving average of $190.84.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.19. The business 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%. Manhattan Associates's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $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.

Insiders Place Their Bets

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the company's stock in a transaction 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 transaction, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction of $506,759.00. Following the transaction, the executive vice president owned 48,660 shares in the company, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,666 shares of company stock worth $9,251,781. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MANH. Loop Capital upped their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Robert W. Baird upped their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Morgan Stanley began coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They issued an "underweight" rating and a $190.00 price objective on the stock. Finally, Raymond James Financial upped their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $216.67.

About Manhattan Associates

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.