1,952 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,952 shares of the software maker’s stock, valued at approximately $420,000.

Other hedge funds have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in Manhattan Associates by 59.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock worth $4,271,000 after purchasing an additional 8,094 shares during the last quarter. Highland Capital Management LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $1,142,000. Redhawk Wealth Advisors Inc. acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $1,050,000. Meeder Asset Management Inc. acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $2,039,000. Finally, Zions Bancorporation N.A. lifted its holdings in Manhattan Associates by 6.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 8,418 shares of the software maker’s stock worth $1,664,000 after purchasing an additional 489 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MANH has been the subject of several analyst reports. Truist Financial lifted their price objective on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Monday, April 15th. Raymond James lifted their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Citigroup initiated coverage on Manhattan Associates in a report on Wednesday, March 13th. They issued a “neutral” rating and a $260.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.29.

Insider Activity

In other news, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now owns 242,153 shares in the company, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the sale, the chief executive officer now owns 242,153 shares in the company, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, the executive vice president now owns 57,093 shares in the company, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH opened at $230.63 on Wednesday. Manhattan Associates, Inc. has a 52-week low of $152.32 and a 52-week high of $266.94. The business’s fifty day moving average is $245.97 and its 200-day moving average is $227.06. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 81.78 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. Manhattan Associates had a return on equity of 84.08% and a net margin of 19.01%. The company had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. As a group, research analysts forecast that Manhattan Associates, Inc. will post 2.78 EPS for the current fiscal year.

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 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.