Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 30.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,557 shares of the software maker’s stock after selling 31,077 shares during the quarter. Barclays PLC’s holdings in Manhattan Associates were worth $19,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fidelis Capital Partners LLC boosted its position in shares of Manhattan Associates by 3.2% during the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after buying an additional 40 shares during the period. Ascent Group LLC lifted its stake in Manhattan Associates by 4.8% during the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after acquiring an additional 41 shares in the last quarter. UMB Bank n.a. boosted its holdings in Manhattan Associates by 16.7% during the 3rd quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock valued at $85,000 after acquiring an additional 43 shares during the period. SkyView Investment Advisors LLC grew its position in Manhattan Associates by 0.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker’s stock valued at $1,238,000 after acquiring an additional 46 shares in the last quarter. Finally, Huntington National Bank increased its stake in Manhattan Associates by 5.9% during the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock worth $247,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $298.17 on Friday. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $312.60. The company has a market cap of $18.21 billion, a P/E ratio of 84.71 and a beta of 1.50. The business’s 50-day simple moving average is $286.25 and its 200-day simple moving average is $262.25.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The firm had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. During the same period in the prior year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that Manhattan Associates, Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MANH shares. Truist Financial lifted their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. DA Davidson upped their price objective on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird lifted their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Citigroup upped their price target on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Loop Capital lifted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.78.

Insider Activity at Manhattan Associates

In other news, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the sale, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 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.