GAMMA Investing LLC Acquires Shares of 492 Manhattan Associates, Inc. (NASDAQ:MANH)

GAMMA Investing LLC acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 492 shares of the software maker’s stock, valued at approximately $106,000.

Several other institutional investors have also bought and sold shares of MANH. California Public Employees Retirement System lifted its holdings in shares of Manhattan Associates by 184.3% in the 3rd quarter. California Public Employees Retirement System now owns 352,665 shares of the software maker’s stock worth $69,708,000 after acquiring an additional 228,618 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Manhattan Associates by 958.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 128,574 shares of the software maker’s stock worth $25,414,000 after acquiring an additional 116,425 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Manhattan Associates by 629.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 85,728 shares of the software maker’s stock worth $16,945,000 after acquiring an additional 73,975 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Manhattan Associates by 42.3% in the 3rd quarter. Royal Bank of Canada now owns 241,427 shares of the software maker’s stock worth $47,720,000 after acquiring an additional 71,725 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Manhattan Associates by 48.0% in the 3rd quarter. Swiss National Bank now owns 199,820 shares of the software maker’s stock worth $39,496,000 after acquiring an additional 64,800 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $209.02 on Monday. The company’s 50-day simple moving average is $243.64 and its two-hundred day simple moving average is $227.04. Manhattan Associates, Inc. has a one year low of $164.55 and a one year high of $266.94. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 68.31 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. The firm had revenue of $238.26 million for the quarter, compared to the consensus estimate of $223.99 million. Equities analysts expect that Manhattan Associates, Inc. will post 2.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup reduced their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Raymond James raised their price target on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. 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. Finally, William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $234.86.

Insider Buying and Selling

In related 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 value 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 approximately $59,988,562.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The disclosure for this sale can be found here. 0.72% of the stock is 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 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.