Versor Investments LP Invests $439,000 in Manhattan Associates, Inc. $MANH

Key Points

• Versor Investments LP has invested approximately $439,000 in Manhattan Associates, acquiring a total of 2,538 shares during the 1st quarter.
• Manhattan Associates reported $1.31 EPS for the recent quarter, surpassing analysts' estimates of $1.12, with revenue of $272.42 million.
• Analyst ratings vary, with six analysts giving a Buy rating and a consensus target price of $216.67 for Manhattan Associates' stock.

Versor Investments LP acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,538 shares of the software maker's stock, valued at approximately $439,000.

Several other large investors also recently bought and sold shares of MANH. Central Pacific Bank Trust Division increased its holdings in Manhattan Associates by 107.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after buying an additional 103 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Manhattan Associates in the 4th quarter worth about $38,000. Transce3nd LLC bought a new stake in Manhattan Associates in the 4th quarter worth about $41,000. Reyes Financial Architecture Inc. increased its holdings in Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock worth $82,000 after buying an additional 142 shares in the last quarter. Finally, Bayforest Capital Ltd increased its holdings in Manhattan Associates by 126.6% in the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock worth $85,000 after buying an additional 276 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

Shares of MANH stock traded up $3.85 during trading hours on Friday, reaching $216.26. 422,077 shares of the company traded hands, compared to its average volume of 568,772. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60. The company has a market cap of $13.08 billion, a P/E ratio of 60.41 and a beta of 1.10. The firm has a 50-day moving average price of $205.80 and a 200 day moving average price of $187.63.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted 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 return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $272.42 million for the quarter, compared to analysts' expectations of $263.62 million. During the same period in the previous year, the firm earned $1.18 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Sell-side analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 2,300 shares of the business's stock in a transaction that occurred 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 approximately $10,721,257.80. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MANH shares. Loop Capital raised their target price on Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Truist Financial raised their target price on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley started coverage on Manhattan Associates in a research report on Monday, July 14th. They issued an "underweight" rating and a $190.00 target price on the stock. DA Davidson raised their target price on Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock 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.