State Street Corp Has $619.92 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

State Street Corp boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 0.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,203,139 shares of the software maker's stock after acquiring an additional 12,787 shares during the period. State Street Corp owned 3.61% of Manhattan Associates worth $619,918,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Manhattan Associates by 47.5% during the third 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 boosted its position in shares of 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 purchasing an additional 3,525 shares in the last quarter. Mediolanum International Funds Ltd boosted 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 purchasing an additional 17,187 shares in the last quarter. Chartwell Investment Partners LLC boosted its position 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 worth $6,065,000 after purchasing an additional 5,119 shares in the last quarter. Finally, M&G Plc lifted its position in 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 in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity at Manhattan Associates

In related news, 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 transaction, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

MANH has been the topic of several research reports. Truist Financial boosted their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Robert W. Baird boosted their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Loop Capital boosted their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a research report 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 report on Wednesday, September 25th. Finally, Piper Sandler initiated 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $290.78.

Manhattan Associates Trading Down 1.0 %

Shares of Manhattan Associates stock traded down $2.89 during trading on Monday, hitting $299.70. 323,616 shares of the stock were exchanged, compared to its average volume of 414,552. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 85.96 and a beta of 1.51. The company has a fifty day moving average price of $283.99 and a 200-day moving average price of $259.88. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released 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. The company had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. Manhattan Associates's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. Equities research 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.