Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 27.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,083 shares of the software maker’s stock after purchasing an additional 1,083 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Manhattan Associates were worth $1,094,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bear Mountain Capital Inc. acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $26,000. UMB Bank n.a. boosted its stake in shares of Manhattan Associates by 474.4% during the 3rd quarter. UMB Bank n.a. now owns 224 shares of the software maker’s stock worth $44,000 after purchasing an additional 185 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Manhattan Associates by 19.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock worth $78,000 after purchasing an additional 64 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Manhattan Associates during the 3rd quarter worth about $101,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $169,211.20. Following the transaction, the executive vice president now directly owns 57,093 shares in the company, valued at $14,207,022.12. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Manhattan Associates Stock Down 10.5 %

Shares of MANH stock opened at $206.32 on Thursday. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 73.16 and a beta of 1.44. Manhattan Associates, Inc. has a fifty-two week low of $152.32 and a fifty-two week high of $266.94. The firm’s 50 day moving average price is $245.97 and its two-hundred day moving average price is $227.06.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a research report on Wednesday. Raymond James raised their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Citigroup decreased their target price on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $225.57.

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.