Ifrah Financial Services Inc. Has $227,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Ifrah Financial Services Inc. lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,053 shares of the software maker’s stock after selling 158 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Manhattan Associates were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Lindbrook Capital LLC grew its stake in shares of Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after purchasing an additional 46 shares during the last quarter. Capital Insight Partners LLC increased its stake in shares of Manhattan Associates by 0.4% in the 3rd quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock valued at $2,997,000 after buying an additional 57 shares during the period. Signaturefd LLC raised its position in shares of Manhattan Associates by 4.7% during the third quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock worth $252,000 after acquiring an additional 57 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after acquiring an additional 58 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Manhattan Associates by 19.3% during the third quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock valued at $78,000 after acquiring an additional 64 shares during the period. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Up 0.9 %

Shares of MANH traded up $1.92 during trading hours on Friday, reaching $210.76. The stock had a trading volume of 331,805 shares, compared to its average volume of 467,394. The company has a market cap of $12.98 billion, a P/E ratio of 68.88 and a beta of 1.45. Manhattan Associates, Inc. has a 52 week low of $166.82 and a 52 week high of $266.94. The firm has a 50-day moving average of $240.00 and a 200 day moving average of $226.89.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The company had revenue of $238.26 million during the quarter, compared to the consensus estimate of $223.99 million. As a group, equities analysts expect that Manhattan Associates, Inc. will post 2.72 earnings per share for the current year.

Analysts Set New Price Targets

MANH has been the topic of several recent research reports. Truist Financial raised their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research note on Wednesday, April 24th. DA Davidson upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their target price for the company from $220.00 to $240.00 in a research report on Thursday, April 25th. Raymond James increased their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $234.86.

Insider Activity at Manhattan Associates

In related news, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, the executive vice president now owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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.