Boston Trust Walden Corp Reduces Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Boston Trust Walden Corp reduced its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,872 shares of the software maker's stock after selling 49,509 shares during the period. Boston Trust Walden Corp owned 0.17% of Manhattan Associates worth $23,012,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Capital Insight Partners LLC lifted its position in shares of Manhattan Associates by 0.4% during 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 raised its position in Manhattan Associates by 4.7% in the third quarter. Signaturefd LLC now owns 1,274 shares of the software maker's stock worth $252,000 after acquiring an additional 57 shares during the period. UMB Bank n.a. raised its position in Manhattan Associates by 25.9% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker's stock worth $61,000 after acquiring an additional 58 shares during the period. DAVENPORT & Co LLC raised its position in Manhattan Associates by 1.2% in the third quarter. DAVENPORT & Co LLC now owns 5,220 shares of the software maker's stock worth $1,032,000 after acquiring an additional 60 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in Manhattan Associates by 19.3% in the third quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker's stock worth $78,000 after acquiring an additional 64 shares during the period. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on MANH shares. Raymond James lifted their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Truist Financial boosted their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. Citigroup started coverage on shares of Manhattan Associates in a research report on Wednesday, March 13th. They issued a "neutral" rating and a $260.00 price target on the stock. Rosenblatt Securities boosted their price target on shares of Manhattan Associates from $215.00 to $225.00 and gave the company a "neutral" rating in a research report on Wednesday, January 31st. Finally, StockNews.com raised shares of Manhattan Associates from a "hold" rating to a "buy" rating in a research report on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Manhattan Associates currently has an average rating of "Moderate Buy" and an average target price of $231.29.

Manhattan Associates Stock Up 0.6 %

NASDAQ:MANH traded up $1.48 during mid-day trading on Friday, hitting $243.51. 315,021 shares of the stock traded hands, compared to its average volume of 369,875. The business's 50-day moving average price is $248.32 and its 200 day moving average price is $223.67. The company has a market cap of $14.99 billion, a PE ratio of 86.35 and a beta of 1.44. Manhattan Associates, Inc. has a 12-month low of $150.91 and a 12-month high of $266.94.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. The company had revenue of $238.26 million during the quarter, compared to analysts' expectations of $223.99 million. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. Analysts anticipate that Manhattan Associates, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 242,153 shares of the company's stock, valued at approximately $59,988,562.69. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 242,153 shares of the company's stock, valued at approximately $59,988,562.69. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James Stewart Gantt sold 680 shares of the business'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 transaction of $169,211.20. Following the completion of 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. 0.85% of the stock is owned by corporate 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.