1,223 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,223 shares of the software maker’s stock, valued at approximately $306,000.

A number of other large investors have also bought and sold shares of MANH. Caxton Associates LP boosted its position in Manhattan Associates by 106.3% in the 1st quarter. Caxton Associates LP now owns 6,532 shares of the software maker’s stock valued at $1,635,000 after buying an additional 3,365 shares during the last quarter. Ascent Group LLC boosted its position in Manhattan Associates by 11.4% in the 1st quarter. Ascent Group LLC now owns 1,030 shares of the software maker’s stock valued at $258,000 after buying an additional 105 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Manhattan Associates by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 426,729 shares of the software maker’s stock valued at $106,782,000 after buying an additional 29,063 shares during the last quarter. BOKF NA boosted its position in shares of Manhattan Associates by 2.0% in the 1st quarter. BOKF NA now owns 14,184 shares of the software maker’s stock worth $3,513,000 after purchasing an additional 273 shares during the last quarter. Finally, Magnetar Financial LLC boosted its position in shares of Manhattan Associates by 90.9% in the 1st quarter. Magnetar Financial LLC now owns 7,126 shares of the software maker’s stock worth $1,783,000 after purchasing an additional 3,394 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the sale, the executive vice president now directly owns 46,287 shares in the company, valued at $11,872,615.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MANH. Loop Capital raised their price objective on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Redburn Atlantic assumed coverage on Manhattan Associates in a report on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price objective for the company. William Blair restated a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Citigroup lifted their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $257.43.

Manhattan Associates Stock Up 0.1 %

Shares of NASDAQ:MANH opened at $255.38 on Thursday. Manhattan Associates, Inc. has a 12-month low of $182.97 and a 12-month high of $266.94. The stock has a market cap of $15.64 billion, a PE ratio of 83.46 and a beta of 1.50. The business has a 50 day moving average of $234.46 and a 200-day moving average of $235.52.

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

Manhattan Associates Company 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.