Farther Finance Advisors LLC Sells 393 Shares of Manhattan Associates, Inc. $MANH

Farther Finance Advisors LLC cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,204 shares of the software maker’s stock after selling 393 shares during the period. Farther Finance Advisors LLC’s holdings in Manhattan Associates were worth $435,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division increased 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 buying an additional 103 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock worth $45,000 after purchasing an additional 124 shares during the period. Brooklyn Investment Group boosted its stake in shares of Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares during the period. Reyes Financial Architecture Inc. boosted its stake in shares of Manhattan Associates by 42.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock worth $82,000 after purchasing an additional 142 shares during the period. Finally, Bayforest Capital Ltd boosted its stake 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 worth $85,000 after purchasing an additional 276 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 2,300 shares of the company’s 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 owned 48,660 shares of the company’s stock, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock worth $9,251,781 in the last three months. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MANH shares. Loop Capital lifted their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, July 22nd. DA Davidson lifted their price target on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Robert W. Baird lifted their price target on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Redburn Atlantic cut shares of Manhattan Associates from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Morgan Stanley initiated coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They set an “underweight” rating and a $190.00 price target for the company. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $216.67.

Manhattan Associates Price Performance

Shares of MANH stock opened at $211.56 on Monday. The company has a market capitalization of $12.79 billion, a P/E ratio of 59.10 and a beta of 1.13. The company’s 50-day simple moving average is $214.76 and its two-hundred day simple moving average is $193.93. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. On average, research analysts expect that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Manhattan Associates 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.