Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 36.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283 shares of the software maker’s stock after buying an additional 76 shares during the period. Raleigh Capital Management Inc.’s holdings in Manhattan Associates were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its stake in Manhattan Associates by 3.1% during the first quarter. Massmutual Trust Co. FSB ADV now owns 2,249 shares of the software maker’s stock valued at $348,000 after buying an additional 68 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of Manhattan Associates by 3.2% during the first quarter. Chesley Taft & Associates LLC now owns 2,188 shares of the software maker’s stock worth $339,000 after purchasing an additional 68 shares during the period. SevenOneSeven Capital Management raised its holdings in shares of Manhattan Associates by 2.8% during the fourth quarter. SevenOneSeven Capital Management now owns 2,566 shares of the software maker’s stock worth $312,000 after purchasing an additional 69 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Manhattan Associates by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,148 shares of the software maker’s stock worth $4,359,000 after purchasing an additional 78 shares during the period. Finally, Sepio Capital LP raised its holdings in shares of Manhattan Associates by 2.2% during the first quarter. Sepio Capital LP now owns 3,735 shares of the software maker’s stock worth $578,000 after purchasing an additional 80 shares during the period. 97.85% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 1.6 %

MANH stock opened at $202.88 on Friday. The firm’s 50-day moving average is $194.79 and its two-hundred day moving average is $176.68. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 87.45 and a beta of 1.54. Manhattan Associates, Inc. has a 52 week low of $107.18 and a 52 week high of $208.31.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 25th. The software maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.50 by $0.13. The firm had revenue of $231.02 million for the quarter, compared to analysts’ expectations of $216.43 million. Manhattan Associates had a return on equity of 75.18% and a net margin of 17.21%. On average, equities research analysts predict that Manhattan Associates, Inc. will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MANH. Loop Capital increased their price target on Manhattan Associates from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com began coverage on Manhattan Associates in a research report on Thursday, August 17th. They set a “buy” rating on the stock. DA Davidson increased their price objective on shares of Manhattan Associates from $160.00 to $175.00 in a report on Wednesday, July 26th. Rosenblatt Securities increased their price objective on shares of Manhattan Associates from $160.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, Truist Financial increased their price objective on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.67.

Insider Activity

In related news, Director Linda T. Hollembaek sold 1,800 shares of Manhattan Associates stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $190.00, for a total transaction of $342,000.00. Following the transaction, the director now directly owns 11,747 shares of the company’s stock, valued at $2,231,930. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Manhattan Associates news, Director Deepak Raghavan sold 2,179 shares of Manhattan Associates stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $201.88, for a total value of $439,896.52. Following the transaction, the director now owns 20,551 shares in the company, valued at $4,148,835.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Linda T. Hollembaek sold 1,800 shares of Manhattan Associates stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $190.00, for a total transaction of $342,000.00. Following the completion of the transaction, the director now owns 11,747 shares in the company, valued at approximately $2,231,930. The disclosure for this sale can be found here. Insiders sold a total of 15,794 shares of company stock worth $3,179,751 over the last 90 days. 0.85% of the stock is currently owned by company insiders.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.