Coldstream Capital Management Inc. Has $813,000 Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Coldstream Capital Management Inc. boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,887 shares of the software maker’s stock after buying an additional 178 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Manhattan Associates were worth $813,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MANH. Innealta Capital LLC bought a new position in shares of Manhattan Associates during the second quarter valued at $26,000. International Assets Investment Management LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth about $27,000. DT Investment Partners LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth about $31,000. Ashton Thomas Private Wealth LLC bought a new position in Manhattan Associates during the 2nd quarter valued at about $31,000. Finally, Capital Performance Advisors LLP acquired a new position in Manhattan Associates in the third quarter valued at about $34,000. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MANH shares. Citigroup raised their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. DA Davidson raised their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial boosted their price objective on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Piper Sandler began coverage on Manhattan Associates in a research note on Monday, November 25th. They issued an “overweight” rating and a $326.00 target price for the company. Finally, Loop Capital lifted their price target on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $290.78.

Insider Activity

In related news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $309.78 on Friday. The firm’s 50 day moving average price is $285.94 and its two-hundred day moving average price is $261.51. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $312.60. The stock has a market cap of $18.92 billion, a PE ratio of 88.01 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping 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 business had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.39 earnings per share for the current fiscal year.

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.