Linden Thomas Advisory Services LLC Acquires 211 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Linden Thomas Advisory Services LLC grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,226 shares of the software maker’s stock after acquiring an additional 211 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Manhattan Associates were worth $1,556,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its stake in shares of Manhattan Associates by 28.8% in the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after buying an additional 46 shares during the period. Capital Insight Partners LLC grew its stake 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 worth $2,997,000 after purchasing an additional 57 shares during the last quarter. Signaturefd LLC increased its holdings in Manhattan Associates by 4.7% during the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock valued at $252,000 after purchasing an additional 57 shares during the period. UMB Bank n.a. grew its position in shares of Manhattan Associates by 25.9% in the 4th 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 last quarter. Finally, DAVENPORT & Co LLC increased its stake 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 valued at $1,032,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 8.5 %

MANH traded down $19.68 during trading on Wednesday, hitting $210.95. 829,783 shares of the company’s stock traded hands, compared to its average volume of 375,705. Manhattan Associates, Inc. has a 12-month low of $152.32 and a 12-month high of $266.94. The company’s 50 day simple moving average is $245.97 and its two-hundred day simple moving average is $227.06. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 74.81 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. The business had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. On average, equities analysts expect that Manhattan Associates, Inc. will post 2.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday. Citigroup started coverage on shares of Manhattan Associates in a report on Wednesday, March 13th. They set a “neutral” rating and a $260.00 target price on the stock. Truist Financial increased their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Raymond James raised their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.29.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 680 shares of the stock in a transaction dated 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 directly owns 57,093 shares of the company’s stock, valued at $14,207,022.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $2,699,513.81. Following the transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The sale was disclosed in a legal 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 directly 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 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.