11,476 Shares in Manhattan Associates, Inc. $MANH Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,476 shares of the software maker’s stock, valued at approximately $1,598,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Manhattan Associates by 508.9% in the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock valued at $38,000 after buying an additional 229 shares in the last quarter. BNP Paribas purchased a new position in shares of Manhattan Associates in the 4th quarter worth approximately $39,000. TD Private Client Wealth LLC grew its position in shares of Manhattan Associates by 83.8% in the 4th 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 last quarter. Finally, Leonteq Securities AG bought a new position in shares of Manhattan Associates during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In other news, CEO Eric Andrew Clark sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value of $593,280.00. Following the completion of the transaction, the chief executive officer directly owned 89,638 shares in the company, valued at $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James Stewart Gantt sold 5,139 shares of Manhattan Associates stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the sale, the executive vice president directly owned 55,676 shares of the company’s stock, valued at $10,886,328.28. This trade represents a 8.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,139 shares of company stock worth $1,744,879. Company insiders own 0.84% of the company’s stock.

Manhattan Associates Trading Down 0.6%

NASDAQ MANH opened at $213.18 on Tuesday. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $220.31. The company has a fifty day simple moving average of $167.16 and a two-hundred day simple moving average of $149.00. The stock has a market cap of $12.43 billion, a P/E ratio of 61.08 and a beta of 0.93.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The firm had revenue of $297.79 million for the quarter, compared to analyst estimates of $289.03 million. During the same period in the previous year, the company earned $1.31 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on MANH shares. Weiss Ratings upgraded shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Robert W. Baird upped their price target on Manhattan Associates from $186.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Morgan Stanley set a $180.00 price objective on Manhattan Associates in a report on Wednesday, July 29th. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Barclays reduced their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average target price of $209.20.

Manhattan Associates 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.