Public Employees Retirement System of Ohio Trims Stake in Manhattan Associates, Inc. $MANH

Public Employees Retirement System of Ohio cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,203 shares of the software maker’s stock after selling 51 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Manhattan Associates were worth $3,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after buying an additional 124 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Manhattan Associates by 70.1% in the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock valued at $62,000 after buying an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. increased its position in shares of 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 buying an additional 142 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after acquiring an additional 276 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Manhattan Associates by 57.7% in the first quarter. Harbor Investment Advisory LLC now owns 552 shares of the software maker’s stock worth $96,000 after acquiring an additional 202 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Redburn Atlantic lowered Manhattan Associates from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Raymond James Financial lifted their price target on Manhattan Associates from $195.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Robert W. Baird lifted their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Truist Financial lifted their price target on Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $216.67.

Manhattan Associates Trading Down 1.3%

Shares of NASDAQ:MANH opened at $204.98 on Wednesday. The business has a 50-day moving average price of $214.97 and a 200 day moving average price of $194.25. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 57.26 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.

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

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates 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 completion of the transaction, the executive vice president directly owned 48,660 shares of the company’s stock, valued at $10,721,257.80. The trade was a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value 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 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 in the last three months. 0.72% of the stock is owned by corporate insiders.

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.