Cetera Investment Advisers Has $441,000 Stock Position in Manhattan Associates, Inc. $MANH

Cetera Investment Advisers cut its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 56.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,546 shares of the software maker’s stock after selling 3,356 shares during the period. Cetera Investment Advisers’ holdings in Manhattan Associates were worth $441,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in Manhattan Associates during the fourth quarter worth approximately $38,000. Transce3nd LLC acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at approximately $41,000. Central Pacific Bank Trust Division raised its position in shares of Manhattan Associates by 107.3% in the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker’s stock valued at $34,000 after buying an additional 103 shares in the last quarter. Reyes Financial Architecture Inc. raised its position in shares of Manhattan Associates by 42.5% in the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker’s stock valued at $82,000 after buying an additional 142 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Manhattan Associates by 57.7% in the first quarter. Harbor Investment Advisory LLC now owns 552 shares of the software maker’s stock valued at $96,000 after buying an additional 202 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the sale, the chairman owned 162,988 shares of the company’s stock, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 2,300 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the sale, the executive vice president directly owned 48,660 shares in the company, valued at $10,721,257.80. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,666 shares of company stock valued at $9,251,781. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MANH shares. Truist Financial lifted their price objective on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Citigroup reaffirmed a “neutral” rating and set a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Redburn Atlantic cut shares of Manhattan Associates from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Robert W. Baird boosted their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Finally, DA Davidson boosted their target price on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Hold” and a consensus target price of $216.67.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $214.79 on Monday. The firm has a market cap of $12.99 billion, a PE ratio of 60.00 and a beta of 1.10. The firm’s fifty day moving average is $203.51 and its 200-day moving average is $187.08. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.19. The company had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. Manhattan Associates’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. Sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 EPS for the current year.

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.