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

United Services Automobile Association bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the first quarter, Holdings Channel reports. The fund bought 3,981 shares of the software maker’s stock, valued at approximately $691,000.

Other hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division grew its holdings in shares of 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 acquiring an additional 103 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Manhattan Associates in the 4th quarter worth $38,000. Brooklyn Investment Group grew its holdings in shares of Manhattan Associates by 70.1% in the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after acquiring an additional 148 shares during the last quarter. Reyes Financial Architecture Inc. grew its holdings in shares of 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 acquiring an additional 142 shares during the last quarter. Finally, Bayforest Capital Ltd grew its holdings in shares of 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 acquiring an additional 276 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Manhattan Associates

In related news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the sale, the director owned 11,907 shares of the company’s stock, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value of $8,296,645.56. Following the sale, the chairman directly owned 162,988 shares of the company’s stock, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,666 shares of company stock valued at $9,251,781. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MANH shares. Citigroup reiterated 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. Truist Financial lifted their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Morgan Stanley started 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. Robert W. Baird lifted their price target on Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Redburn Atlantic downgraded Manhattan Associates from a “buy” rating to a “neutral” rating and lowered their price target 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.67.

Manhattan Associates Trading Down 1.7%

MANH opened at $215.61 on Wednesday. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 60.23 and a beta of 1.13. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The stock has a fifty day moving average price of $211.04 and a 200 day moving average price of $189.93.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data 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. The firm had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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.