Manhattan Associates, Inc. $MANH Shares Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,479 shares of the software maker’s stock after purchasing an additional 6,584 shares during the period. ABN Amro Investment Solutions owned about 0.07% of Manhattan Associates worth $5,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after acquiring an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after acquiring an additional 41,571 shares during the last quarter. Empowered Funds LLC acquired a new position in Manhattan Associates during the 1st quarter worth approximately $987,000. Focus Partners Wealth grew its holdings in Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $446,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MANH. Robert W. Baird raised their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a report on Wednesday, May 20th. Citigroup raised their price target on Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $201.00.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $149.11 on Thursday. The stock’s 50-day moving average is $145.07 and its two-hundred day moving average is $145.18. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 41.77 and a beta of 0.97. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $282.21 million for the quarter, compared to the consensus estimate of $273.70 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. As a group, research analysts predict that Manhattan Associates, Inc. will post 3.72 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This trade represents a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

Manhattan Associates Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.