Vestmark Advisory Solutions Inc. Has $3.24 Million Stock Position in Manhattan Associates, Inc. $MANH

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Manhattan Associates by 94.3%, acquiring an additional 9,091 shares in Q1, bringing its total holdings to 18,732 shares valued at approximately $3.24 million.
• Manhattan Associates reported quarterly earnings of $1.31 per share, outperforming the analyst consensus estimate of $1.12, while revenues increased by 2.7% year-over-year.
• Institutional investors hold a significant 98.45% of Manhattan Associates' stock, indicating strong backing from the investment community.

Vestmark Advisory Solutions Inc. raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 94.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,732 shares of the software maker's stock after buying an additional 9,091 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Manhattan Associates were worth $3,241,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in shares of Manhattan Associates by 2,075.5% during the 4th quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock valued at $107,842,000 after acquiring an additional 380,722 shares during the last quarter. Nuveen LLC bought a new stake in shares of Manhattan Associates during the first quarter valued at approximately $40,174,000. GAMMA Investing LLC increased its position in Manhattan Associates by 10,499.0% in the first quarter. GAMMA Investing LLC now owns 176,155 shares of the software maker's stock worth $30,482,000 after purchasing an additional 174,493 shares during the last quarter. Northern Trust Corp boosted its stake in Manhattan Associates by 26.5% during the fourth quarter. Northern Trust Corp now owns 761,820 shares of the software maker's stock worth $205,874,000 after buying an additional 159,572 shares during the period. Finally, AustralianSuper Pty Ltd lifted its stake in Manhattan Associates by 59.6% in the first quarter. AustralianSuper Pty Ltd now owns 371,526 shares of the software maker's stock worth $64,289,000 after acquiring an additional 138,807 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of analyst reports. DA Davidson raised their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. 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 target on the stock. Robert W. Baird lifted their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Raymond James Financial lifted their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Citigroup restated a "neutral" rating and issued a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of "Moderate Buy" and a consensus price target of $216.67.

Manhattan Associates Stock Performance

Manhattan Associates stock traded down $1.05 during midday trading on Thursday, reaching $210.97. 46,836 shares of the company were exchanged, compared to its average volume of 797,101. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 58.93 and a beta of 1.10. The firm's 50-day simple moving average is $204.87 and its 200-day simple moving average is $187.50. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.19. The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total value of $8,296,645.56. Following the transaction, the chairman directly owned 162,988 shares of the company's stock, valued at $36,212,673.84. This represents a 18.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the company's 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 transaction, the executive vice president directly owned 48,660 shares in the company, 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. In the last quarter, insiders sold 41,666 shares of company stock worth $9,251,781. 0.88% of the stock is owned by company insiders.

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.