Quent Capital LLC Increases Position in Manhattan Associates, Inc. $MANH

Quent Capital LLC lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,947 shares of the software maker’s stock after acquiring an additional 65 shares during the quarter. Quent Capital LLC’s holdings in Manhattan Associates were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 111 Capital purchased a new position in shares of Manhattan Associates in the 2nd quarter worth approximately $437,000. Lecap Asset Management Ltd. purchased a new position in shares of Manhattan Associates in the 2nd quarter worth approximately $1,943,000. Poinciana Advisors Group LLC purchased a new position in shares of Manhattan Associates in the 2nd quarter worth approximately $308,000. HB Wealth Management LLC raised its holdings in shares of Manhattan Associates by 13.9% in the 2nd quarter. HB Wealth Management LLC now owns 14,158 shares of the software maker’s stock worth $2,796,000 after purchasing an additional 1,728 shares during the period. Finally, Capital Insight Partners LLC raised its holdings in shares of Manhattan Associates by 7.7% in the 2nd quarter. Capital Insight Partners LLC now owns 17,625 shares of the software maker’s stock worth $3,480,000 after purchasing an additional 1,266 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research 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 report on Tuesday, July 22nd. Redburn Atlantic cut shares of 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 report on Tuesday, June 10th. Zacks Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Raymond James Financial lifted their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley began coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They issued an “underweight” rating and a $190.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Hold” and an average target price of $216.67.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $201.40 on Friday. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The company has a market capitalization of $12.18 billion, a P/E ratio of 56.26 and a beta of 1.12. The company has a fifty day moving average of $213.90 and a 200-day moving average of $194.80.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.19. The business had revenue of $272.42 million during 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 firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 2,300 shares of the business’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the business’s stock in a transaction 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 completion of the sale, the chairman directly owned 162,988 shares of the company’s stock, valued at $36,212,673.84. This represents a 18.64% 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 over the last three months. Insiders own 0.88% of the company’s stock.

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.