Quantinno Capital Management LP Acquires 2,305 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Quantinno Capital Management LP boosted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,371 shares of the software maker's stock after acquiring an additional 2,305 shares during the quarter. Quantinno Capital Management LP owned approximately 0.09% of Manhattan Associates worth $14,736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in Manhattan Associates by 18.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,746 shares of the software maker's stock worth $687,000 after acquiring an additional 432 shares during the period. Park Avenue Securities LLC grew its stake in shares of Manhattan Associates by 25.0% during the second quarter. Park Avenue Securities LLC now owns 3,534 shares of the software maker's stock worth $872,000 after purchasing an additional 706 shares during the period. CWM LLC lifted its stake in Manhattan Associates by 13.4% in the second quarter. CWM LLC now owns 2,524 shares of the software maker's stock valued at $623,000 after buying an additional 299 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Manhattan Associates by 3.9% in the 2nd quarter. QRG Capital Management Inc. now owns 2,567 shares of the software maker's stock valued at $633,000 after buying an additional 97 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new position in shares of Manhattan Associates in the 2nd quarter valued at approximately $1,040,000. Institutional investors own 98.45% of the company's stock.

Insider Buying and Selling

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction dated 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 transaction, the senior vice president now directly owns 22,086 shares of the company's stock, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value 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 position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MANH. Citigroup lifted their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. DA Davidson raised their price target on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Loop Capital lifted their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a report on Monday, September 16th. Piper Sandler started coverage on shares of Manhattan Associates in a research report on Monday, November 25th. They set an "overweight" rating and a $326.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.78.

Manhattan Associates Trading Down 0.2 %

NASDAQ MANH traded down $0.55 during trading on Thursday, reaching $302.78. The company's stock had a trading volume of 284,523 shares, compared to its average volume of 414,239. The firm has a 50 day moving average price of $283.17 and a 200 day moving average price of $258.59. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 86.18 and a beta of 1.50. Manhattan Associates, Inc. has a 12 month low of $199.23 and a 12 month high of $307.50.

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 for the quarter, topping the consensus estimate of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The business had revenue of $266.70 million during the quarter, compared to analysts' expectations of $262.90 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. Manhattan Associates's revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.39 EPS for the current fiscal year.

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.