23,685 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,685 shares of the software maker's stock, valued at approximately $5,100,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Manhattan Associates by 259.4% in the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker's stock worth $25,000 after acquiring an additional 83 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Manhattan Associates during the 2nd quarter worth about $44,000. UMB Bank n.a. raised its holdings in Manhattan Associates by 474.4% during the 3rd quarter. UMB Bank n.a. now owns 224 shares of the software maker's stock worth $44,000 after buying an additional 185 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates during the 2nd quarter worth about $36,000. Finally, First Capital Advisors Group LLC. acquired a new stake in Manhattan Associates during the 2nd quarter worth about $65,000. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Eddie Capel sold 10,897 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 in the company, valued at approximately $59,988,562.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, 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 value of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eddie Capel sold 10,897 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 0.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial boosted their price objective on Manhattan Associates from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $225.00 target price on shares of Manhattan Associates in a research note on Monday. Citigroup initiated coverage on Manhattan Associates in a research note on Wednesday, March 13th. They set a "neutral" rating and a $260.00 target price on the stock. Finally, Raymond James lifted their target price on Manhattan Associates from $214.00 to $250.00 and gave the company an "outperform" rating in a research note 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $231.29.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded up $0.67 during trading hours on Tuesday, hitting $231.16. The stock had a trading volume of 327,661 shares, compared to its average volume of 365,254. The company has a market capitalization of $14.23 billion, a P/E ratio of 81.97 and a beta of 1.44. The firm's 50-day moving average price is $247.78 and its two-hundred day moving average price is $226.05. Manhattan Associates, Inc. has a 52 week low of $152.32 and a 52 week high of $266.94.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $238.26 million during the quarter, compared to analysts' expectations of $223.99 million. Manhattan Associates had a return on equity of 84.08% and a net margin of 19.01%. As a group, analysts expect that Manhattan Associates, Inc. will post 2.78 EPS for the current fiscal year.

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.