Aware Super Pty Ltd as trustee of Aware Super Decreases Stock Holdings in Manhattan Associates, Inc. $MANH

Aware Super Pty Ltd as trustee of Aware Super trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 97.9% during the second quarter, HoldingsChannel reports. The firm owned 3,453 shares of the software maker’s stock after selling 158,911 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Manhattan Associates were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Manhattan Associates by 117.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after purchasing an additional 124 shares during the last quarter. Brooklyn Investment Group grew its stake in 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 buying an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. increased its stake in Manhattan Associates by 42.5% in the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after acquiring an additional 142 shares during the last quarter. Bayforest Capital Ltd increased its position in shares of Manhattan Associates by 126.6% during the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after purchasing an additional 276 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Manhattan Associates during the first quarter worth approximately $99,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $199.81 on Thursday. The company has a market capitalization of $12.08 billion, a P/E ratio of 55.81 and a beta of 1.12. The firm’s 50 day simple moving average is $210.91 and its two-hundred day simple moving average is $196.11. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last announced 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. The business had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 completion of the sale, the executive vice president 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 sale 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 the stock in a transaction on 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 in the company, valued at $36,212,673.84. The trade was a 18.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,666 shares of company stock worth $9,251,781 over the last quarter. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MANH. Barclays assumed coverage on Manhattan Associates in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $247.00 price objective for the company. Robert W. Baird lifted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Morgan Stanley reduced their target price on shares of Manhattan Associates from $205.00 to $195.00 and set an “underweight” rating on the stock in a research report on Tuesday. Loop Capital lifted their price objective on Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus began coverage on shares of Manhattan Associates in a research note on Tuesday, October 7th. They issued a “buy” rating and a $250.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $222.91.

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.