Quadrature Capital Ltd Takes Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Quadrature Capital Ltd bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,595 shares of the software maker's stock, valued at approximately $1,575,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Manhattan Associates by 47.5% in the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker's stock valued at $334,000 after purchasing an additional 382 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Manhattan Associates by 3.3% in the 2nd quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker's stock valued at $27,022,000 after buying an additional 3,525 shares during the period. Mediolanum International Funds Ltd raised its position in shares of Manhattan Associates by 602.0% during the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker's stock worth $5,607,000 after acquiring an additional 17,187 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of Manhattan Associates by 31.1% during 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 period. Finally, M&G Plc boosted its holdings in Manhattan Associates by 2.1% in the second 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 last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MANH has been the subject of several recent research reports. Loop Capital boosted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, September 16th. 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. Piper Sandler began coverage on shares of Manhattan Associates in a report on Monday, November 25th. They issued an "overweight" rating and a $326.00 price objective on the stock. Citigroup lifted their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Finally, Truist Financial increased their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $290.78.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares of the company's stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 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. Insiders own 0.72% of the company's stock.

Manhattan Associates Stock Down 0.0 %

Shares of MANH traded down $0.01 during trading hours on Friday, reaching $302.59. The stock had a trading volume of 341,830 shares, compared to its average volume of 364,184. The firm has a 50-day moving average of $283.99 and a 200 day moving average of $259.40. The company has a market cap of $18.48 billion, a P/E ratio of 85.96 and a beta of 1.50. Manhattan Associates, Inc. has a 52 week low of $199.23 and a 52 week high of $307.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The company had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. During the same quarter last year, the firm posted $0.79 earnings per share. Manhattan Associates's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts expect 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.