Lecap Asset Management Ltd. Sells 4,501 Shares of Manhattan Associates, Inc. $MANH

Lecap Asset Management Ltd. lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 45.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,338 shares of the software maker’s stock after selling 4,501 shares during the period. Lecap Asset Management Ltd.’s holdings in Manhattan Associates were worth $1,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Manhattan Associates by 117.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after acquiring an additional 124 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares during the last quarter. Bayforest Capital Ltd raised its stake in shares of Manhattan Associates by 126.6% during the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock valued at $85,000 after acquiring an additional 276 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after purchasing an additional 244 shares during the period. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MANH shares. Citigroup reduced their price target on Manhattan Associates from $204.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Truist Financial boosted their target price on Manhattan Associates from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Monday. UBS Group set a $240.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. Raymond James Financial reduced their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Finally, DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.33.

Manhattan Associates Trading Up 0.4%

NASDAQ MANH opened at $173.70 on Friday. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $299.27. The stock’s fifty day moving average price is $174.99 and its 200-day moving average price is $195.77. The stock has a market cap of $10.47 billion, a P/E ratio of 49.49 and a beta of 1.02.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. The firm had revenue of $275.80 million for the quarter, compared to analysts’ expectations of $271.66 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, 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 (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.