Greenleaf Trust Has $297,000 Stake in Manhattan Associates, Inc. $MANH

Greenleaf Trust lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 26.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,506 shares of the software maker’s stock after selling 551 shares during the quarter. Greenleaf Trust’s holdings in Manhattan Associates were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Poinciana Advisors Group LLC acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $308,000. HB Wealth Management LLC increased its stake in shares of Manhattan Associates by 13.9% in the second quarter. HB Wealth Management LLC now owns 14,158 shares of the software maker’s stock valued at $2,796,000 after buying an additional 1,728 shares during the period. Capital Insight Partners LLC increased its stake in shares of Manhattan Associates by 7.7% in the second quarter. Capital Insight Partners LLC now owns 17,625 shares of the software maker’s stock valued at $3,480,000 after buying an additional 1,266 shares during the period. Cadent Capital Advisors LLC acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $265,000. Finally, Argent Capital Management LLC increased its stake in shares of Manhattan Associates by 91.3% in the second quarter. Argent Capital Management LLC now owns 18,627 shares of the software maker’s stock valued at $3,678,000 after buying an additional 8,891 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In other news, Director Linda T. Hollembaek sold 2,024 shares of the firm’s 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 48,660 shares of the company’s stock, valued at approximately $10,721,257.80. This represents a 4.51% 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 ninety days. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and issued a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Zacks Research downgraded shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Truist Financial increased their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Loop Capital increased their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Finally, Raymond James Financial increased their target price on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Manhattan Associates has a consensus rating of “Hold” and a consensus target price of $216.67.

Manhattan Associates Trading Up 0.0%

Shares of NASDAQ:MANH opened at $201.40 on Friday. The stock’s fifty day simple moving average is $213.90 and its two-hundred day simple moving average is $194.80. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The stock has a market cap of $12.18 billion, a PE ratio of 56.26 and a beta of 1.12.

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

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.