Cwm LLC Increases Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Cwm LLC boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,133 shares of the software maker’s stock after purchasing an additional 136 shares during the quarter. Cwm LLC’s holdings in Manhattan Associates were worth $244,000 at the end of the most recent quarter.

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

Manhattan Associates Trading Up 0.9 %

MANH opened at $210.76 on Friday. Manhattan Associates, Inc. has a 1-year low of $166.82 and a 1-year high of $266.94. The company has a market capitalization of $12.98 billion, a PE ratio of 68.88 and a beta of 1.45. The firm’s 50 day simple moving average is $240.76 and its two-hundred day simple moving average is $226.85.

Manhattan Associates (NASDAQ:MANH) last released 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. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. The business had revenue of $238.26 million for the quarter, compared to the consensus estimate of $223.99 million. Equities analysts forecast that Manhattan Associates, Inc. will post 2.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

MANH has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their target price for the stock from $220.00 to $240.00 in a report on Thursday, April 25th. Citigroup dropped their target price on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. 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 report on Wednesday, January 31st. Finally, William Blair restated a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.86.

Insiders Place Their Bets

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 accessible through this hyperlink. Also, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

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.