3,674 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,674 shares of the software maker's stock, valued at approximately $791,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of Manhattan Associates by 474.4% during the 3rd 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 in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Manhattan Associates during the 3rd quarter valued at $3,953,000. Accurate Wealth Management LLC raised its position in shares of Manhattan Associates by 28.3% during the 3rd quarter. Accurate Wealth Management LLC now owns 1,481 shares of the software maker's stock valued at $306,000 after buying an additional 327 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Manhattan Associates by 629.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 85,728 shares of the software maker's stock valued at $16,945,000 after buying an additional 73,975 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of Manhattan Associates by 2.0% during the 3rd quarter. Xponance Inc. now owns 14,670 shares of the software maker's stock valued at $2,900,000 after buying an additional 281 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MANH. Citigroup decreased their target price on shares of Manhattan Associates from $260.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Raymond James lifted their target price 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. DA Davidson upgraded shares of Manhattan Associates from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $220.00 to $240.00 in a research report on Thursday, April 25th. William Blair reissued a "market perform" rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Finally, Truist Financial raised their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $234.86.

Insider Activity

In other news, EVP James Stewart Gantt sold 680 shares of the business's stock in a transaction that occurred on 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $247.73, for a total transaction 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 $59,988,562.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the sale, the executive vice president now owns 57,093 shares of the company's stock, valued at $14,207,022.12. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Manhattan Associates Stock Down 1.8 %

Manhattan Associates stock traded down $3.77 during trading hours on Tuesday, hitting $206.06. The stock had a trading volume of 607,007 shares, compared to its average volume of 392,266. The stock has a market capitalization of $12.69 billion, a P/E ratio of 67.34 and a beta of 1.44. Manhattan Associates, Inc. has a 12-month low of $165.37 and a 12-month high of $266.94. The stock's 50-day moving average price is $242.96 and its 200-day moving average price is $227.07.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping 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 net margin of 19.91% and a return on equity of 85.28%. On average, research analysts expect that Manhattan Associates, Inc. will post 2.72 EPS for the current fiscal year.

About Manhattan Associates

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.

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