2,650 Shares in Manhattan Associates, Inc. $MANH Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,650 shares of the software maker’s stock, valued at approximately $523,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cordatus Wealth Management LLC raised its holdings in Manhattan Associates by 4.9% during the first quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock worth $213,000 after acquiring an additional 57 shares in the last quarter. Credit Agricole S A increased its position in Manhattan Associates by 1.3% during the first quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock worth $841,000 after buying an additional 64 shares during the last quarter. Quent Capital LLC increased its position in Manhattan Associates by 3.5% during the second quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock worth $384,000 after buying an additional 65 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in Manhattan Associates by 1.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker’s stock worth $1,134,000 after buying an additional 73 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Manhattan Associates by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock worth $846,000 after buying an additional 76 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the firm’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 transaction, the chairman owned 162,988 shares in the company, valued at $36,212,673.84. This trade represents a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $448,376.72. Following the transaction, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock valued at $9,251,781 over the last 90 days. 0.88% of the stock is owned by corporate insiders.

Manhattan Associates Trading Up 2.0%

Shares of NASDAQ MANH opened at $196.83 on Friday. The firm has a market cap of $11.90 billion, a P/E ratio of 54.98 and a beta of 1.12. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The business’s 50 day moving average is $210.37 and its 200-day moving average is $196.52.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MANH shares. Loop Capital boosted their price target on Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Barclays started coverage on Manhattan Associates in a research report on Tuesday, October 7th. They set an “overweight” rating and a $247.00 price target on the stock. DA Davidson boosted their price target on Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Robert W. Baird boosted their price target on Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Finally, Zacks Research downgraded Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $222.91.

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.