758 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by Ewa LLC

Ewa LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 758 shares of the software maker’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth about $26,000. International Assets Investment Management LLC acquired a new position in Manhattan Associates in the 2nd quarter valued at about $27,000. DT Investment Partners LLC acquired a new position in Manhattan Associates in the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new position in Manhattan Associates in the 2nd quarter valued at about $31,000. Finally, Capital Performance Advisors LLP acquired a new position in Manhattan Associates in the 3rd quarter valued at about $34,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction, 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 SEC, which is available at this hyperlink. 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 transaction, 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. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MANH shares. Robert W. Baird boosted their price objective 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 boosted their price objective on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Loop Capital boosted their target price on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Citigroup boosted their target price on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, DA Davidson boosted their target price on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $290.78.

Manhattan Associates Stock Down 0.0 %

Shares of Manhattan Associates stock opened at $302.59 on Monday. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 85.96 and a beta of 1.51. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The company’s 50-day simple moving average is $283.99 and its 200-day simple moving average is $259.88.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS 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 company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. Equities research analysts anticipate that Manhattan Associates, Inc. will post 3.39 EPS for the current 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.