Strs Ohio Increases Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Strs Ohio raised its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,912 shares of the software maker's stock after purchasing an additional 3,778 shares during the quarter. Strs Ohio owned 0.06% of Manhattan Associates worth $7,517,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MANH. 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 valued at $25,000 after purchasing an additional 83 shares during the last quarter. Bear Mountain Capital Inc. bought a new position in shares of Manhattan Associates during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates during the second quarter worth about $36,000. Compass Wealth Management LLC bought a new position in shares of Manhattan Associates during the fourth quarter worth about $42,000. Finally, UMB Bank n.a. raised its position in shares of Manhattan Associates by 474.4% during the third quarter. UMB Bank n.a. now owns 224 shares of the software maker's stock worth $44,000 after acquiring an additional 185 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MANH. Rosenblatt Securities restated a "neutral" rating and set a $225.00 price objective on shares of Manhattan Associates in a research report on Monday. Citigroup began coverage on Manhattan Associates in a research report on Wednesday, March 13th. They set a "neutral" rating and a $260.00 price objective for the company. Raymond James raised their price objective on Manhattan Associates from $214.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Finally, Truist Financial raised their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and a consensus target price of $231.29.

Manhattan Associates Trading Up 0.9 %

NASDAQ MANH traded up $2.01 during trading hours on Thursday, hitting $230.44. 546,778 shares of the company's stock were exchanged, compared to its average volume of 366,016. The stock has a 50-day simple moving average of $247.43 and a 200 day simple moving average of $226.06. Manhattan Associates, Inc. has a 1-year low of $152.32 and a 1-year high of $266.94. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 81.00 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping 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 business had revenue of $238.26 million during the quarter, compared to analysts' expectations of $223.99 million. On average, sell-side analysts anticipate that Manhattan Associates, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of the firm'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 owns 57,093 shares of the company's stock, valued at $14,207,022.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of the firm'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 owns 57,093 shares of the company's stock, valued at $14,207,022.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eddie Capel sold 10,897 shares of Manhattan Associates 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 transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. Insiders own 0.85% of the company's stock.

Manhattan Associates Company 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.