Manhattan Associates, Inc. $MANH Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 44.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 476 shares of the software maker’s stock after selling 380 shares during the period. TD Private Client Wealth LLC’s holdings in Manhattan Associates were worth $94,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Argent Capital Management LLC increased its holdings in shares of Manhattan Associates by 91.3% during the second quarter. Argent Capital Management LLC now owns 18,627 shares of the software maker’s stock valued at $3,678,000 after purchasing an additional 8,891 shares during the period. GAMMA Investing LLC increased its holdings in shares of Manhattan Associates by 77.3% during the second quarter. GAMMA Investing LLC now owns 1,805 shares of the software maker’s stock valued at $356,000 after purchasing an additional 787 shares during the period. Abacus FCF Advisors LLC increased its holdings in shares of Manhattan Associates by 1.7% during the second quarter. Abacus FCF Advisors LLC now owns 33,432 shares of the software maker’s stock valued at $6,602,000 after purchasing an additional 567 shares during the period. Kaufman Rossin Wealth LLC bought a new position in Manhattan Associates during the second quarter valued at about $401,000. Finally, UMB Bank n.a. boosted its stake in Manhattan Associates by 20.1% during the second quarter. UMB Bank n.a. now owns 724 shares of the software maker’s stock valued at $143,000 after buying an additional 121 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Manhattan Associates

In other news, Director Linda T. Hollembaek sold 2,024 shares of the firm’s stock in a transaction dated 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. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the sale, the executive vice president directly owned 48,660 shares of the company’s stock, valued at $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 41,666 shares of company stock valued at $9,251,781 in the last three months. Corporate insiders own 0.88% of the company’s stock.

Manhattan Associates Trading Down 1.8%

Shares of NASDAQ MANH opened at $207.67 on Tuesday. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The firm has a market capitalization of $12.56 billion, a PE ratio of 58.01 and a beta of 1.13. The business has a 50-day moving average price of $214.92 and a two-hundred day moving average price of $194.17.

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

Wall Street Analysts Forecast Growth

MANH has been the subject of several research reports. Redburn Atlantic cut Manhattan Associates from a “buy” rating to a “neutral” rating and decreased their target price for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Citigroup reaffirmed a “neutral” rating and set a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Truist Financial raised their target price on Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, DA Davidson raised their target price on Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.