Manhattan Associates, Inc. $MANH Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 65.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,757 shares of the software maker’s stock after purchasing an additional 16,879 shares during the period. Korea Investment CORP’s holdings in Manhattan Associates were worth $7,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MANH. NewEdge Advisors LLC increased its position in shares of Manhattan Associates by 28.6% during the fourth quarter. NewEdge Advisors LLC now owns 1,938 shares of the software maker’s stock worth $524,000 after purchasing an additional 431 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Manhattan Associates during the fourth quarter worth about $816,000. First Trust Advisors LP increased its position in shares of Manhattan Associates by 38.8% during the fourth quarter. First Trust Advisors LP now owns 107,300 shares of the software maker’s stock worth $28,997,000 after purchasing an additional 29,977 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Manhattan Associates by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 493,208 shares of the software maker’s stock worth $133,293,000 after buying an additional 15,201 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Manhattan Associates by 13.4% during the fourth quarter. MML Investors Services LLC now owns 12,357 shares of the software maker’s stock worth $3,339,000 after buying an additional 1,458 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

MANH has been the topic of a number of research reports. Raymond James Financial raised 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. Morgan Stanley initiated coverage on Manhattan Associates in a report on Monday, July 14th. They set an “underweight” rating and a $190.00 price target on the stock. DA Davidson raised their price target on Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Truist Financial raised their price target on Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Citigroup reissued a “neutral” rating and set a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Six equities research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.67.

Manhattan Associates Trading Up 1.8%

Shares of MANH opened at $216.26 on Friday. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The stock’s 50 day moving average is $205.80 and its two-hundred day moving average is $187.72. The firm has a market capitalization of $13.08 billion, a PE ratio of 60.41 and a beta of 1.10.

Manhattan Associates (NASDAQ:MANH) last announced 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 company had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the previous year, the company earned $1.18 EPS. 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. On average, sell-side analysts predict that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates 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 sale, the director owned 11,907 shares of the company’s stock, valued at approximately $2,637,757.71. The trade was a 14.53% decrease in their position. 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 that occurred on Friday, July 25th. The shares were 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 directly owned 48,660 shares in the company, valued at $10,721,257.80. This represents a 4.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is owned by corporate insiders.

Manhattan Associates Company 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.