3,981 Shares in Manhattan Associates, Inc. $MANH Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association invested approximately $691,000 in Manhattan Associates by acquiring 3,981 shares during the first quarter.
• Manhattan Associates recently reported quarterly earnings of $1.31 EPS, surpassing analysts' expectations of $1.12, with revenue of $272.42 million for the quarter.
• Insider transactions included significant sales from Director Linda T. Hollembaek and Chairman Eddie Capel, with the latter selling over 37,000 shares valued at approximately $8.3 million.

United Services Automobile Association bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,981 shares of the software maker's stock, valued at approximately $691,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MANH. Algert Global LLC bought a new position in Manhattan Associates in the fourth quarter worth $248,000. Captrust Financial Advisors lifted its holdings in shares of Manhattan Associates by 26.5% during the fourth quarter. Captrust Financial Advisors now owns 6,194 shares of the software maker's stock valued at $1,674,000 after acquiring an additional 1,297 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Manhattan Associates by 38.6% during the fourth quarter. Cetera Investment Advisers now owns 5,902 shares of the software maker's stock valued at $1,595,000 after acquiring an additional 1,645 shares during the period. Deutsche Bank AG lifted its holdings in shares of Manhattan Associates by 11.0% during the fourth quarter. Deutsche Bank AG now owns 222,414 shares of the software maker's stock valued at $60,105,000 after acquiring an additional 22,113 shares during the period. Finally, Ethic Inc. lifted its holdings in shares of Manhattan Associates by 7.0% during the fourth quarter. Ethic Inc. now owns 2,889 shares of the software maker's stock valued at $781,000 after acquiring an additional 190 shares during the period. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Trading Down 2.0%

Shares of Manhattan Associates stock traded down $4.30 during trading on Monday, reaching $211.81. The company's stock had a trading volume of 112,268 shares, compared to its average volume of 768,012. The stock has a 50-day moving average price of $212.02 and a two-hundred day moving average price of $190.84. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The stock has a market capitalization of $12.81 billion, a P/E ratio of 59.32 and a beta of 1.13.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results 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. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The business had revenue of $272.42 million during the quarter, compared to analysts' expectations of $263.62 million. During the same period in the previous year, the business posted $1.18 earnings per share. The firm's revenue for the quarter 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, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MANH shares. Citigroup reissued a "neutral" rating and set a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Morgan Stanley started coverage on Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective for the company. Robert W. Baird lifted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. DA Davidson lifted their price objective on Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Six 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 MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus target price of $216.67.

Insider Activity at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the completion of the sale, the director directly owned 11,907 shares in the company, valued at $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the completion of the sale, the executive vice president owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,666 shares of company stock valued at $9,251,781 over the last ninety days. 0.88% of the stock is owned by insiders.

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.