Charles Schwab Investment Management Inc. Has $77.80 Million Stock Position in Manhattan Associates, Inc. $MANH

Charles Schwab Investment Management Inc. boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,632 shares of the software maker's stock after purchasing an additional 45,743 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.74% of Manhattan Associates worth $77,804,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. BOKF NA grew its holdings in Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after purchasing an additional 55 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock worth $213,000 after acquiring an additional 57 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock worth $1,134,000 after acquiring an additional 73 shares in the last quarter. Signaturefd LLC grew its holdings in Manhattan Associates by 6.9% during the 1st quarter. Signaturefd LLC now owns 1,285 shares of the software maker's stock worth $222,000 after acquiring an additional 83 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Manhattan Associates by 14.6% during the 1st quarter. Fifth Third Bancorp now owns 691 shares of the software maker's stock worth $120,000 after acquiring an additional 88 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $0.42 during midday trading on Monday, reaching $215.21. 85,094 shares of the company were exchanged, compared to its average volume of 802,991. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The company has a market cap of $13.01 billion, a P/E ratio of 60.08 and a beta of 1.10. The company's 50 day moving average price is $203.51 and its two-hundred day moving average price is $187.08.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.19. The company had revenue of $272.42 million for the quarter, compared to analysts' expectations of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on MANH. DA Davidson raised their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Truist Financial raised their price target on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital raised their price target on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Citigroup restated a "neutral" rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Finally, Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of "Hold" and a consensus price target of $216.67.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total value of $448,376.72. Following the completion of the sale, the director directly owned 11,907 shares in the company, valued at $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 48,660 shares of the company's stock, valued at $10,721,257.80. This trade represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,666 shares of company stock worth $9,251,781. 0.88% of the stock is currently owned by company insiders.

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.