Bamco Inc. NY Has $4.57 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Bamco Inc. NY reduced its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 24.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,239 shares of the software maker's stock after selling 5,150 shares during the period. Bamco Inc. NY's holdings in Manhattan Associates were worth $4,569,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MANH. Fidelis Capital Partners LLC raised its stake in shares of Manhattan Associates by 3.2% in the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker's stock worth $347,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Manhattan Associates by 16.7% during the third quarter. UMB Bank n.a. now owns 301 shares of the software maker's stock worth $85,000 after buying an additional 43 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Manhattan Associates by 0.9% during the second quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker's stock worth $1,238,000 after buying an additional 46 shares during the last quarter. Huntington National Bank raised its stake in shares of Manhattan Associates by 5.9% during the third quarter. Huntington National Bank now owns 879 shares of the software maker's stock worth $247,000 after buying an additional 49 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Manhattan Associates by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker's stock worth $506,000 after buying an additional 58 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock traded up $6.24 on Wednesday, hitting $303.33. The company had a trading volume of 401,268 shares, compared to its average volume of 414,836. The firm has a market capitalization of $18.53 billion, a P/E ratio of 84.40 and a beta of 1.50. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $307.50. The stock has a 50-day moving average of $282.79 and a 200-day moving average of $258.27.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.29. The company had revenue of $266.70 million during the quarter, compared to analysts' expectations of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. Equities analysts predict that Manhattan Associates, Inc. will post 3.39 EPS for the current year.

Insider Activity

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the sale, the senior vice president now directly owns 22,086 shares of the company's stock, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the sale, the executive vice president now directly owns 42,812 shares in the company, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Loop Capital boosted their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. Citigroup boosted their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Piper Sandler initiated coverage on shares of Manhattan Associates in a research note on Monday, November 25th. They set an "overweight" rating and a $326.00 price target for the company. Finally, DA Davidson boosted their price objective on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of "Moderate Buy" and an average price target of $290.78.

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.