3,576 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by Lbp Am Sa

Lbp Am Sa purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,576 shares of the software maker’s stock, valued at approximately $895,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Manhattan Associates by 259.4% during the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Tobam bought a new position in Manhattan Associates during the first quarter valued at about $25,000. Bear Mountain Capital Inc. bought a new stake in shares of Manhattan Associates in the 4th quarter valued at approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Manhattan Associates in the 4th quarter valued at approximately $26,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Manhattan Associates in the 1st quarter valued at approximately $27,000. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MANH shares. Loop Capital boosted their target price on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Redburn Atlantic started coverage on Manhattan Associates in a report on Tuesday, May 14th. They issued a “buy” rating and a $260.00 target price on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday, April 24th. Finally, DA Davidson increased their price target on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.43.

Manhattan Associates Trading Down 3.1 %

Shares of NASDAQ MANH traded down $7.85 during mid-day trading on Friday, hitting $242.81. The company had a trading volume of 146,675 shares, compared to its average volume of 425,817. The company has a market capitalization of $14.87 billion, a PE ratio of 78.76 and a beta of 1.50. The firm has a 50-day simple moving average of $235.08 and a two-hundred day simple moving average of $235.66. Manhattan Associates, Inc. has a one year low of $182.97 and a one year high of $266.94.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.22. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The business had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million. During the same period last year, the business posted $0.63 EPS. Manhattan Associates’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the transaction, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at $11,872,615.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

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.