IFM Investors Pty Ltd Purchases 1,017 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

IFM Investors Pty Ltd raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,474 shares of the software maker’s stock after acquiring an additional 1,017 shares during the period. IFM Investors Pty Ltd’s holdings in Manhattan Associates were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of MANH. Lindbrook Capital LLC increased its position in shares of Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after acquiring an additional 46 shares in the last quarter. Capital Insight Partners LLC lifted its holdings in shares of Manhattan Associates by 0.4% in the third quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock valued at $2,997,000 after purchasing an additional 57 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Manhattan Associates by 4.7% in the third quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock valued at $252,000 after purchasing an additional 57 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after buying an additional 58 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in shares of Manhattan Associates by 1.2% during the third quarter. DAVENPORT & Co LLC now owns 5,220 shares of the software maker’s stock worth $1,032,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday. Truist Financial boosted their price objective on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a research report on Wednesday. DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $220.00 to $240.00 in a research report on Thursday. Finally, Raymond James raised their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.86.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 680 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 $14,207,022.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction dated 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 owns 242,153 shares in the company, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 680 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares in the company, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

NASDAQ MANH traded up $0.72 during trading on Friday, reaching $209.02. 456,441 shares of the company’s stock were exchanged, compared to its average volume of 421,997. The business has a 50 day moving average price of $244.34 and a 200-day moving average price of $226.79. Manhattan Associates, Inc. has a fifty-two week low of $164.55 and a fifty-two week high of $266.94. The stock has a market capitalization of $12.87 billion, a P/E 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 for the quarter, beating the consensus estimate of $0.55 by $0.23. The company had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. On average, analysts forecast that Manhattan Associates, Inc. will post 2.81 earnings per share 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.