Caisse DE Depot ET Placement DU Quebec Has $42.91 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 32.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,498 shares of the software maker's stock after selling 74,374 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.25% of Manhattan Associates worth $42,910,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Manhattan Associates by 47.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker's stock worth $334,000 after purchasing an additional 382 shares in the last quarter. Boston Trust Walden Corp raised its position in Manhattan Associates by 3.3% during the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker's stock worth $27,022,000 after acquiring an additional 3,525 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Manhattan Associates by 602.0% in the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker's stock valued at $5,607,000 after acquiring an additional 17,187 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in Manhattan Associates by 31.1% in the third quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker's stock valued at $6,065,000 after acquiring an additional 5,119 shares during the last quarter. Finally, M&G Plc grew its position in shares of Manhattan Associates by 2.1% in the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker's stock valued at $78,112,000 after acquiring an additional 6,511 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MANH. Raymond James upped their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Piper Sandler started coverage on Manhattan Associates in a research report on Monday, November 25th. They issued an "overweight" rating and a $326.00 price objective for the company. Robert W. Baird lifted their target price on 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 increased their price target on Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, September 16th. Finally, Citigroup lifted their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $290.78.

Insider Buying and Selling

In other news, 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 completion of the sale, the executive vice president now directly owns 42,812 shares in the company, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Up 0.3 %

Shares of Manhattan Associates stock traded up $0.93 during trading on Monday, reaching $286.37. The company's stock had a trading volume of 319,236 shares, compared to its average volume of 414,314. The business's 50-day moving average price is $282.46 and its 200-day moving average price is $257.37. Manhattan Associates, Inc. has a 52 week low of $199.23 and a 52 week high of $307.50. The firm has a market cap of $17.49 billion, a PE ratio of 81.09 and a beta of 1.52.

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