WCM Investment Management LLC Invests $980,000 in Manhattan Associates, Inc. $MANH

WCM Investment Management LLC acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the first quarter, HoldingsChannel.com reports. The fund acquired 7,510 shares of the software maker’s stock, valued at approximately $980,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. BNP Paribas bought a new stake in shares of Manhattan Associates in the 4th quarter valued at $39,000. TD Private Client Wealth LLC increased its position in shares of Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Manhattan Associates during the fourth quarter worth $44,000. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MANH has been the topic of several recent analyst reports. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a report on Thursday, April 16th. Barclays decreased their price target on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research report on Wednesday, May 20th. Weiss Ratings raised Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average target price of $201.00.

Manhattan Associates Stock Down 3.9%

Shares of NASDAQ MANH opened at $159.12 on Wednesday. The firm has a market cap of $9.42 billion, a PE ratio of 44.57 and a beta of 0.97. The company’s fifty day simple moving average is $144.60 and its 200 day simple moving average is $145.35. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $282.21 million for the quarter, compared to analysts’ expectations of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, equities analysts predict that Manhattan Associates, Inc. will post 3.72 earnings per share for the current year.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total value of $146,770.00. Following the sale, the chief executive officer owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.84% of the company’s stock.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.