DF Dent & Co. Inc. Purchases 81,944 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

DF Dent & Co. Inc. grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 52.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,628 shares of the software maker’s stock after buying an additional 81,944 shares during the quarter. DF Dent & Co. Inc.’s holdings in Manhattan Associates were worth $67,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MANH. Innealta Capital LLC purchased a new stake in Manhattan Associates in the second quarter worth about $26,000. International Assets Investment Management LLC purchased a new stake in Manhattan Associates in the second quarter worth about $27,000. DT Investment Partners LLC purchased a new stake in Manhattan Associates in the second quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Manhattan Associates in the second quarter worth about $31,000. Finally, Capital Performance Advisors LLP purchased a new stake in Manhattan Associates in the third quarter worth about $34,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of analyst reports. Loop Capital upped their price target on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Piper Sandler assumed coverage on Manhattan Associates in a research report on Monday, November 25th. They set an “overweight” rating and a $326.00 target price for the company. Robert W. Baird increased their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial increased their target price on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Raymond James increased their target price on Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.78.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the sale, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the sale, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at $6,398,976.78. The trade was a 15.82 % 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 Price Performance

NASDAQ MANH opened at $302.59 on Friday. The stock has a market capitalization of $18.48 billion, a PE ratio of 85.96 and a beta of 1.50. The business has a 50 day simple moving average of $283.99 and a two-hundred day simple moving average of $259.40. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.29. The business had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. On average, analysts anticipate that Manhattan Associates, Inc. will post 3.39 EPS 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.