Mn Services Vermogensbeheer B.V. Has $6.02 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Mn Services Vermogensbeheer B.V. lessened its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,400 shares of the software maker’s stock after selling 500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Manhattan Associates were worth $6,019,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Accurate Wealth Management LLC grew its holdings in Manhattan Associates by 4.1% during the 1st quarter. Accurate Wealth Management LLC now owns 1,371 shares of the software maker’s stock worth $343,000 after acquiring an additional 54 shares during the period. iA Global Asset Management Inc. grew its stake in shares of Manhattan Associates by 9.7% during the first quarter. iA Global Asset Management Inc. now owns 726 shares of the software maker’s stock worth $182,000 after purchasing an additional 64 shares during the period. Janiczek Wealth Management LLC increased its holdings in Manhattan Associates by 4.6% in the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock valued at $373,000 after purchasing an additional 65 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Manhattan Associates by 3.4% in the fourth quarter. QRG Capital Management Inc. now owns 2,424 shares of the software maker’s stock valued at $522,000 after buying an additional 80 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Manhattan Associates by 11.4% during the second quarter. GAMMA Investing LLC now owns 804 shares of the software maker’s stock worth $198,000 after buying an additional 82 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

NASDAQ MANH traded up $2.80 on Friday, reaching $262.51. The company had a trading volume of 304,606 shares, compared to its average volume of 417,444. The company’s fifty day moving average is $244.65 and its 200-day moving average is $238.40. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $266.94. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 85.79 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last posted 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. The business had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. Manhattan Associates’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. On average, research analysts forecast that Manhattan Associates, Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

MANH has been the subject of a number of recent analyst reports. Redburn Atlantic began coverage on Manhattan Associates in a research note on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price target for the company. DA Davidson lifted their price target on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Citigroup upped their price objective on shares of Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Loop Capital lifted their target price on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.43.

Insider Activity

In related news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the completion of the transaction, the executive vice president now owns 46,287 shares in the company, valued at $11,872,615.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by corporate 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.