Callan Family Office LLC Has $3.10 Million Stock Position in Manhattan Associates, Inc. $MANH

Callan Family Office LLC boosted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1,168.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,684 shares of the software maker’s stock after buying an additional 14,448 shares during the period. Callan Family Office LLC’s holdings in Manhattan Associates were worth $3,097,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MANH. Allegiance Financial Group Advisory Services LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at approximately $265,000. Carolina Wealth Advisors LLC raised its holdings in shares of Manhattan Associates by 31.9% in the second quarter. Carolina Wealth Advisors LLC now owns 6,262 shares of the software maker’s stock valued at $1,237,000 after purchasing an additional 1,516 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Manhattan Associates by 3.5% in the second quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock valued at $384,000 after purchasing an additional 65 shares during the last quarter. 111 Capital acquired a new stake in shares of Manhattan Associates in the second quarter valued at approximately $437,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Manhattan Associates in the second quarter valued at approximately $1,943,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Down 3.0%

NASDAQ:MANH opened at $197.32 on Friday. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The firm has a fifty day simple moving average of $211.90 and a 200 day simple moving average of $195.58. The stock has a market capitalization of $11.93 billion, a PE ratio of 55.12 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $263.62 million. During the same period last year, the business earned $1.18 earnings per share. The firm’s 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. On average, equities analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the transaction, the director directly owned 11,907 shares of the company’s stock, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction on Friday, July 25th. The stock was sold at an average price of $220.33, for a total transaction 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. This trade represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock valued at $9,251,781 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MANH. Zacks Research downgraded shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Barclays began coverage on shares of Manhattan Associates in a report on Tuesday. They issued an “overweight” rating and a $247.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Wednesday. Stifel Nicolaus assumed coverage on shares of Manhattan Associates in a report on Tuesday. They issued a “buy” rating and a $250.00 price objective on the stock. Finally, Truist Financial raised their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $222.45.

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.