Strs Ohio, an institutional investor based in the United States, has recently disclosed that they have sold 8,900 shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter. This amounts to a significant reduction of their holdings by 19.3% as declared in their recent Form 13F filing with the Securities and Exchange Commission. As a result of this transaction, Strs Ohio now owns only 37,300 shares or 0.06% of Manhattan Associates worth $4,528,000 at the end of the quarter.
Manhattan Associates is a renowned name in developing and deploying software solutions spanning supply chains and inventory for retailers, wholesalers, manufacturers, logistics providers and other organizations. They are diversified geographically with products available throughout the Americas, Europe, Middle East and Africa and Asia Pacific.
Their current market standing has attracted attention from major analytical firms such as DA Davidson and Rosenblatt Securities who have both released coverage highlighting impressive performances by Manhattan Associates over several metrics including revenue growth rates.
DA Davidson released a research note indicating that Manhattan Associates will be rated “neutral” which also comes with a $145 dollar target price recommendation on their stocks. Similarly, analysts at Rosenblatt Securities raised its rating from $140 to $150 while setting it at “buy.”
These assessments highlight not just the promising future potential for Manhattan Associates but also offer new insight into what investment strategies might prove successful when evaluating similar opportunities within the tech sector. Focusing on this kind of diversification can help investors capture some of what makes NYC-based company such a dominant player in Supply Chain Management – even as real earnings per share stubbornly decline across America’s private industries where competition is fierce and able executives more valuable than ever before.
Overall Investors now face interesting opportunities when considering investing in Manhattan Associates given mixed signals relating to whether Consumer Sentiment continues stabilizing or will start rising steadily again soon enough. Alongside its current prominence as a potential cash cow, this may prove to be the perfect time for investors to hold or increase their interests in Manhattan Associates.
Institutional Investors Show Interest in Manhattan Associates Inc., Insider Trading Uncovered
Manhattan Associates, Inc. is a prominent software development company that specializes in creating, selling, and deploying solutions for global logistics providers, wholesalers, manufacturers, retailers and other organizations. The company has been attracting attention from institutional investors with several purchasing stakes this year. Institutional Investors now own 96.92% of the company’s stock.
Private Trust Co. NA purchased a new stake in Manhattan Associates shares worth $30,000 in the second quarter this year. Altshuler Shaham Ltd bought its new position valued at approximately $32,000 during the third quarter of the year followed by Eagle Bay Advisors LLC acquiring its holdings valued at $36,000 in the same period.
Whittier Trust Co also saw its holdings increase significantly by 101.4% in Q3 with it owning 294 shares worth $39,000 after acquiring an additional 148 shares within that period.
Harbour Investment Advisory LLC also increased its stock value share by 36% for Manhattan Associates during Q3 as well; they now own 397 shares worth a staggering $53k.
However, it turns out that insider trading was prevalent within Manhattan Associates. Director John J. Huntz Jr sold a total of 1,000 business stocks selling at an average price of $143.65 two times on March 9th this year (totaling to over $300k).
CEO Eddie Capel was not left out either as he sold over 42k shares of his stocks through a transaction that occurred on February 13th – amounting to around $6 million.
Manhattan Associated opened at $153..59 on Monday with a market cap value of around $9.53 billion; they have had an estimated P/E ratio of 75:29 and a beta value of about 1:58 since late last year’s trading activities which saw their highest rise culminating at about $158 per share even though their 52-week low has been pegged at $106.02. The firm’s 50-day average stock price of about $145 contrasted to its 200-day average stock price of $131 during 2021.
Manhattan Associates’ impressive Q4 earnings released on February 2nd earlier this year revealed that they had earned an estimated EPS of $0.60 for the quarter, which outmatched the consensus estimate of $0.30 by $.30. Their net margin recorded was put at around 16:81% – a significant increase from their previous quarters in 2019 and early last year when market volatility and Covid-19 were rampaging through most businesses globally.
Based on analysts’ studies, it is expected that Manhattan Associates, Inc will post an EPS value of approximately 1.87 for this fiscal year.
