Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,134 shares of the software maker’s stock after selling 1,281 shares during the quarter. Federated Hermes Inc.’s holdings in Manhattan Associates were worth $7,350,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Manhattan Associates by 259.4% during the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Bear Mountain Capital Inc. purchased a new stake in Manhattan Associates during the fourth quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Manhattan Associates during the fourth quarter worth $26,000. UMB Bank n.a. boosted its holdings in Manhattan Associates by 474.4% during the third quarter. UMB Bank n.a. now owns 224 shares of the software maker’s stock worth $44,000 after buying an additional 185 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Manhattan Associates by 19.3% during the third quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock worth $78,000 after buying an additional 64 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Manhattan Associates

In other news, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were 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 directly owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the sale, the executive vice president now owns 57,093 shares of the company’s stock, valued at $14,207,022.12. 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 analysts recently issued reports on MANH shares. Citigroup lowered their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday. Raymond James increased their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday. Finally, Truist Financial increased their price objective on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.57.

Manhattan Associates Trading Down 10.5 %

NASDAQ:MANH opened at $206.32 on Thursday. The company’s 50-day moving average price is $245.97 and its 200-day moving average price is $227.06. The company has a market cap of $12.70 billion, a P/E ratio of 67.43 and a beta of 1.44. Manhattan Associates, Inc. has a twelve month low of $152.32 and a twelve month high of $266.94.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. The firm had revenue of $238.26 million for the quarter, compared to the consensus estimate of $223.99 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 87.22%. On average, analysts expect that Manhattan Associates, Inc. will post 2.78 earnings per share for the current year.

Manhattan Associates Company 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.