Robeco Institutional Asset Management B.V. Has $1.15 Million Position in Manhattan Associates, Inc. $MANH

Robeco Institutional Asset Management B.V. lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 87.8% during the second quarter, Holdings Channel reports. The fund owned 5,820 shares of the software maker’s stock after selling 41,762 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Manhattan Associates were worth $1,149,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on MANH. Stifel Nicolaus set a $250.00 price objective on shares of Manhattan Associates in a report on Tuesday. Redburn Atlantic downgraded shares of Manhattan Associates from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Raymond James Financial upped their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. DA Davidson upped their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Loop Capital upped their price objective 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. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Hold” and an average price target of $222.45.

Manhattan Associates Price Performance

Shares of MANH stock opened at $198.95 on Wednesday. The firm has a 50-day moving average of $212.95 and a 200-day moving average of $195.19. The company has a market cap of $12.03 billion, a P/E ratio of 55.57 and a beta of 1.12. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating the consensus estimate of $1.12 by $0.19. The company 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 quarter in the prior year, the company posted $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the completion of the transaction, the executive vice president owned 48,660 shares in the company, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the transaction, the director owned 11,907 shares of the company’s stock, valued at approximately $2,637,757.71. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,666 shares of company stock worth $9,251,781. 0.72% of the stock is owned by company insiders.

Manhattan Associates 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.