One Wealth Advisors LLC Sells 183 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

One Wealth Advisors LLC lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,452 shares of the software maker’s stock after selling 183 shares during the quarter. One Wealth Advisors LLC’s holdings in Manhattan Associates were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Manhattan Associates by 47.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after acquiring an additional 382 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Manhattan Associates by 3.3% during the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after buying an additional 3,525 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Manhattan Associates during the first quarter worth $2,407,000. SG Americas Securities LLC raised its position in Manhattan Associates by 399.7% in the 1st quarter. SG Americas Securities LLC now owns 13,417 shares of the software maker’s stock valued at $3,357,000 after buying an additional 10,732 shares during the last quarter. Finally, M&G Plc lifted its stake in Manhattan Associates by 2.1% during the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker’s stock valued at $78,112,000 after acquiring an additional 6,511 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MANH shares. Citigroup lifted their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial boosted their target price on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Loop Capital raised their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DA Davidson increased their price objective on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. 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, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.71.

Manhattan Associates Stock Down 0.2 %

Shares of NASDAQ MANH traded down $0.50 during trading hours on Thursday, reaching $302.86. 27,910 shares of the stock traded hands, compared to its average volume of 407,910. The company’s 50-day simple moving average is $269.82 and its two-hundred day simple moving average is $244.88. The company has a market capitalization of $18.65 billion, a P/E ratio of 99.14 and a beta of 1.50. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $307.50.

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

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the transaction, the executive vice president now owns 46,287 shares in the company, valued at approximately $11,872,615.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.