UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Manhattan Associates, Inc. $MANH

Key Points

• UBS Asset Management cut its Manhattan Associates position by 53.9% in the second quarter, selling 260,136 shares and retaining 222,127 shares valued at approximately $30.9 million. Institutional investors and hedge funds collectively own 98.45% of the stock.
• Manhattan Associates reported quarterly EPS of $1.39, exceeding estimates of $1.32, while revenue rose 9.3% year over year to $297.79 million. The stock opened at $222.35, near its 52-week high of $227.03, with a PE ratio of 63.71.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $213.40; recent targets ranged as high as $260. Insiders, however, sold 9,139 shares worth about $1.74 million during the last quarter.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 53.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,127 shares of the software maker's stock after selling 260,136 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.38% of Manhattan Associates worth $30,931,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MANH. Caitong International Asset Management Co. Ltd grew its position in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker's stock worth $28,000 after acquiring an additional 112 shares during the last quarter. BNP Paribas purchased a new stake in Manhattan Associates in the 4th quarter valued at $39,000. TD Private Client Wealth LLC boosted its stake in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker's stock worth $41,000 after purchasing an additional 109 shares during the period. Leonteq Securities AG acquired a new stake in Manhattan Associates during the 4th quarter worth $44,000. Finally, Los Angeles Capital Management LLC purchased a new position in Manhattan Associates during the 4th quarter worth $49,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

MANH stock opened at $222.35 on Friday. The stock has a market capitalization of $12.97 billion, a PE ratio of 63.71 and a beta of 0.95. The company has a fifty day moving average of $181.18 and a 200-day moving average of $153.32. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $227.03.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.07. The business had revenue of $297.79 million for the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 earnings per share. Equities analysts forecast that Manhattan Associates, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CEO Eric Clark sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total transaction of $593,280.00. Following the transaction, the chief executive officer owned 89,638 shares in the company, valued at approximately $17,726,810.88. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James Gantt sold 5,139 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the transaction, the executive vice president directly owned 55,676 shares of the company's stock, valued at approximately $10,886,328.28. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,139 shares of company stock worth $1,744,879 in the last quarter. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MANH has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings raised Manhattan Associates from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 14th. DA Davidson boosted their price target on Manhattan Associates from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird increased their price objective on Manhattan Associates from $218.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.40.

Manhattan Associates Company Profile

Manhattan Associates, Inc NASDAQ: MANH is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.

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