DekaBank Deutsche Girozentrale Sells 5,821 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

DekaBank Deutsche Girozentrale lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,920 shares of the software maker's stock after selling 5,821 shares during the period. DekaBank Deutsche Girozentrale's holdings in Manhattan Associates were worth $3,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MANH. Capital Insight Partners LLC raised its holdings in Manhattan Associates by 0.4% in the 3rd 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 period. Signaturefd LLC boosted its holdings in Manhattan Associates by 4.7% in the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker's stock worth $252,000 after buying an additional 57 shares during the last quarter. UMB Bank n.a. increased its position in shares of Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker's stock worth $61,000 after purchasing an additional 58 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Manhattan Associates by 1.2% during 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 last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Manhattan Associates by 19.3% in the third quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker's stock valued at $78,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Manhattan Associates Trading Down 0.8 %

Shares of NASDAQ MANH traded down $1.85 during midday trading on Friday, reaching $237.81. The company's stock had a trading volume of 274,185 shares, compared to its average volume of 346,258. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 84.33 and a beta of 1.44. Manhattan Associates, Inc. has a one year low of $152.32 and a one year high of $266.94. The company has a 50 day moving average price of $248.48 and a 200 day moving average price of $225.36.

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

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 680 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the completion of the transaction, the executive vice president now owns 57,093 shares in the company, valued at approximately $14,207,022.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares of the company's stock, valued at $14,207,022.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eddie Capel sold 10,897 shares of the firm's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction 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 $59,988,562.69. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James raised 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. StockNews.com raised shares of Manhattan Associates from a "hold" rating to a "buy" rating in a research note on Friday, December 15th. Truist Financial lifted their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. Citigroup initiated coverage on Manhattan Associates in a report on Wednesday, March 13th. They set a "neutral" rating and a $260.00 target price on the stock. Finally, Rosenblatt Securities raised their price objective on Manhattan Associates from $215.00 to $225.00 and gave the stock a "neutral" rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.29.

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.