Silvant Capital Management LLC Makes New $4.27 Million Investment in Manhattan Associates, Inc. $MANH

Key Points

• Silvant Capital Management purchased 30,673 Manhattan Associates shares worth approximately $4.27 million, while institutional investors collectively own 98.45% of the company.
• Analysts maintain a “Moderate Buy” consensus, with eight Buy ratings, three Holds and an average price target of $209.20.
• Manhattan Associates beat quarterly expectations, reporting $1.39 in EPS and $297.79 million in revenue, up 9.3% year over year; however, insiders sold $1.74 million of stock over the past 90 days.

Silvant Capital Management LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,673 shares of the software maker's stock, valued at approximately $4,271,000. Silvant Capital Management LLC owned approximately 0.05% of Manhattan Associates as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Manhattan Associates from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 14th. DA Davidson raised their target price on shares of Manhattan Associates from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Barclays cut their price target on shares of Manhattan Associates from $239.00 to $201.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Finally, Citigroup upped their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $209.20.

Manhattan Associates Trading Up 2.5%

Shares of Manhattan Associates stock opened at $211.21 on Friday. The stock has a 50-day moving average price of $164.34 and a 200 day moving average price of $148.00. The company has a market cap of $12.32 billion, a P/E ratio of 60.52 and a beta of 0.93. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $220.31.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.07. The firm had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.31 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Eric Andrew Clark sold 3,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total value of $593,280.00. Following the transaction, the chief executive officer directly owned 89,638 shares of the company's stock, valued at approximately $17,726,810.88. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Stewart Gantt sold 5,139 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the sale, the executive vice president owned 55,676 shares of the company's stock, valued at approximately $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,139 shares of company stock worth $1,744,879 over the last ninety days. 0.84% of the stock is currently owned by insiders.

Manhattan Associates Company 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.

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