Signaturefd LLC Has $253,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Signaturefd LLC decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,177 shares of the software maker’s stock after selling 97 shares during the quarter. Signaturefd LLC’s holdings in Manhattan Associates were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lindbrook Capital LLC grew its position in shares of Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares during the last quarter. Capital Insight Partners LLC raised its holdings in Manhattan Associates by 0.4% during the 3rd quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock worth $2,997,000 after purchasing an additional 57 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after purchasing an additional 58 shares during the period. DAVENPORT & Co LLC increased its position in shares of Manhattan Associates by 1.2% during the third quarter. DAVENPORT & Co LLC now owns 5,220 shares of the software maker’s stock worth $1,032,000 after buying an additional 60 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake 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 during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 0.3 %

MANH opened at $209.02 on Friday. Manhattan Associates, Inc. has a 1-year low of $164.55 and a 1-year high of $266.94. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 68.31 and a beta of 1.44. The company’s fifty day moving average price is $244.34 and its two-hundred day moving average price is $226.79.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. The company had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. As a group, equities analysts forecast that Manhattan Associates, Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MANH shares. Raymond James boosted their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Citigroup cut their price target on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial lifted their price objective on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price target for the company from $220.00 to $240.00 in a research note on Thursday. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $234.86.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the firm’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 transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related 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 transaction of $2,699,513.81. Following the sale, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 680 shares of the business’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 completion of 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 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.