Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 30.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,842 shares of the software maker's stock after acquiring an additional 1,850 shares during the quarter. Toronto Dominion Bank's holdings in Manhattan Associates were worth $2,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Manhattan Associates during the 3rd quarter valued at $234,249,000. Fiera Capital Corp bought a new stake in Manhattan Associates during the second quarter valued at about $44,705,000. Squarepoint Ops LLC lifted its position in shares of Manhattan Associates by 448.9% in the second quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker's stock valued at $39,629,000 after acquiring an additional 131,381 shares in the last quarter. FMR LLC boosted its stake in shares of Manhattan Associates by 7.3% in the third quarter. FMR LLC now owns 1,917,412 shares of the software maker's stock worth $539,521,000 after acquiring an additional 130,817 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Manhattan Associates by 118.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker's stock worth $48,860,000 after purchasing an additional 94,283 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Activity

In related news, SVP Bruce Richards sold 4,150 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value 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 $6,398,976.78. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James Stewart Gantt sold 3,475 shares of the business'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 sale, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

Manhattan Associates Stock Performance

MANH stock traded up $2.71 during trading on Monday, reaching $300.88. 245,481 shares of the company traded hands, compared to its average volume of 412,545. The business has a 50 day simple moving average of $286.25 and a 200 day simple moving average of $262.54. Manhattan Associates, Inc. has a 12 month low of $199.23 and a 12 month high of $312.60. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 85.18 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its 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 the consensus estimate 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 was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. As a group, research analysts forecast that Manhattan Associates, Inc. will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. DA Davidson boosted their price target on Manhattan Associates from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Loop Capital lifted their target price on Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, September 16th. 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. Robert W. Baird lifted their price objective on Manhattan Associates from $263.00 to $304.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Raymond James increased their target price on Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Four 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 an average rating of "Moderate Buy" and an average target price of $292.89.

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.