Louisiana State Employees Retirement System Takes Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Louisiana State Employees Retirement System bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,300 shares of the software maker's stock, valued at approximately $3,725,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MANH. Blue Trust Inc. boosted its stake in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker's stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in Manhattan Associates during the second quarter valued at approximately $44,000. UMB Bank n.a. grew its position in Manhattan Associates by 474.4% during the third quarter. UMB Bank n.a. now owns 224 shares of the software maker's stock valued at $44,000 after buying an additional 185 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates in the second quarter worth approximately $36,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of Manhattan Associates in the second quarter worth approximately $65,000. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Stock Down 3.1 %

Shares of Manhattan Associates stock traded down $7.32 during trading hours on Monday, reaching $230.49. 565,455 shares of the company's stock were exchanged, compared to its average volume of 365,777. Manhattan Associates, Inc. has a 1 year low of $152.32 and a 1 year high of $266.94. The company has a market capitalization of $14.19 billion, a P/E ratio of 81.73 and a beta of 1.44. The business has a fifty day moving average of $248.11 and a two-hundred day moving average of $225.81.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. The firm had revenue of $238.26 million for 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%. As a group, research analysts predict that Manhattan Associates, Inc. will post 2.78 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on MANH shares. Citigroup assumed coverage on shares of Manhattan Associates in a report on Wednesday, March 13th. They issued a "neutral" rating and a $260.00 target price on the stock. Raymond James increased their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Rosenblatt Securities restated a "neutral" rating and issued a $225.00 price target on shares of Manhattan Associates in a report on Monday. Finally, Truist Financial increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $231.29.

Insider Activity

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 242,153 shares of the company's stock, valued at $59,988,562.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eddie Capel sold 10,897 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 242,153 shares of the company's stock, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company's stock.

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.