Manhattan Associates, Inc. $MANH Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,482 shares of the software maker’s stock after purchasing an additional 5,247 shares during the period. Voya Investment Management LLC owned 0.07% of Manhattan Associates worth $7,524,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MANH. Jacobs Levy Equity Management Inc. increased its stake in shares of Manhattan Associates by 1,214.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock valued at $104,869,000 after acquiring an additional 559,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Manhattan Associates by 101.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock worth $190,415,000 after purchasing an additional 554,840 shares during the last quarter. AQR Capital Management LLC raised its stake in Manhattan Associates by 103.0% during the first quarter. AQR Capital Management LLC now owns 684,663 shares of the software maker’s stock worth $116,872,000 after purchasing an additional 347,358 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Manhattan Associates by 46,233.9% in the 1st quarter. Jones Financial Companies Lllp now owns 239,083 shares of the software maker’s stock valued at $41,371,000 after purchasing an additional 238,567 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Manhattan Associates during the 1st quarter valued at $40,174,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

NASDAQ MANH opened at $214.95 on Thursday. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 60.04 and a beta of 1.13. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The company’s fifty day moving average price is $212.71 and its two-hundred day moving average price is $191.40.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.12 by $0.19. The business had revenue of $272.42 million for the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, analysts anticipate that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

Insider Activity at Manhattan Associates

In related news, Chairman Eddie Capel sold 37,342 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total transaction 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. This represents a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director directly owned 11,907 shares of the company’s stock, valued at approximately $2,637,757.71. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

MANH has been the topic of a number of research analyst reports. Raymond James Financial lifted their target price on Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. DA Davidson increased their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Robert W. Baird raised their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Truist Financial upped their price target on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Loop Capital increased their price target on Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.67.

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.