Sequoia Financial Advisors LLC Raises Position in Manhattan Associates, Inc. $MANH

Sequoia Financial Advisors LLC raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 48.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,026 shares of the software maker’s stock after acquiring an additional 1,316 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Manhattan Associates were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MANH. 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 acquiring an additional 124 shares during the last quarter. 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 acquiring an additional 148 shares during the last quarter. 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 acquiring an additional 142 shares during the last quarter. 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 acquiring an additional 276 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Manhattan Associates during the 1st quarter worth $99,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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 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 in the company, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Eddie Capel sold 37,342 shares of Manhattan Associates 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 transaction, the chairman directly owned 162,988 shares of the company’s stock, valued at $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,666 shares of company stock worth $9,251,781. Insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MANH. Robert W. Baird raised their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an “outperform” rating in a research report 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. Citigroup restated a “neutral” rating and set a $200.00 price objective (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. DA Davidson raised their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $222.91.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $196.83 on Friday. The company has a market cap of $11.90 billion, a P/E ratio of 54.98 and a beta of 1.12. The firm’s fifty day moving average is $210.37 and its two-hundred day moving average is $196.52. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.19. The company 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%. Manhattan Associates’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. 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.

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.