Manhattan Associates, Inc. (NASDAQ:MANH) Stake Raised by Axa S.A.

Axa S.A. grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,688 shares of the software maker’s stock after purchasing an additional 3,888 shares during the period. Axa S.A. owned approximately 0.10% of Manhattan Associates worth $14,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Manhattan Associates by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,671,321 shares of the software maker’s stock valued at $1,669,365,000 after buying an additional 58,905 shares in the last quarter. TD Asset Management Inc raised its holdings in Manhattan Associates by 10.5% during the 1st quarter. TD Asset Management Inc now owns 607,167 shares of the software maker’s stock worth $151,931,000 after buying an additional 57,859 shares during the period. Bank of New York Mellon Corp lifted its stake in Manhattan Associates by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 604,115 shares of the software maker’s stock valued at $149,023,000 after buying an additional 2,156 shares in the last quarter. RGM Capital LLC boosted its holdings in shares of Manhattan Associates by 4.1% in the second quarter. RGM Capital LLC now owns 583,037 shares of the software maker’s stock worth $143,824,000 after buying an additional 23,000 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Manhattan Associates by 0.3% in the first quarter. Bessemer Group Inc. now owns 561,901 shares of the software maker’s stock worth $140,604,000 after acquiring an additional 1,757 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the transaction, the executive vice president now owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Manhattan Associates Trading Down 1.3 %

MANH opened at $280.25 on Friday. Manhattan Associates, Inc. has a 1 year low of $182.97 and a 1 year high of $287.63. The stock has a fifty day moving average price of $258.44 and a 200 day moving average price of $241.43. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 91.58 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, topping the consensus estimate of $0.96 by $0.22. The company had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MANH. DA Davidson upped their price target on shares of Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup lifted their price target on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Loop Capital upped their price target on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

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.