Daiwa Securities Group Inc. Has $1.06 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Daiwa Securities Group Inc. lessened its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 14.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,300 shares of the software maker’s stock after selling 748 shares during the period. Daiwa Securities Group Inc.’s holdings in Manhattan Associates were worth $1,061,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC bought a new position in shares of Manhattan Associates in the fourth quarter valued at about $270,000. Principal Securities Inc. bought a new position in shares of Manhattan Associates in the fourth quarter valued at about $93,000. QRG Capital Management Inc. raised its holdings in shares of Manhattan Associates by 3.4% in the fourth quarter. QRG Capital Management Inc. now owns 2,424 shares of the software maker’s stock valued at $522,000 after buying an additional 80 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Manhattan Associates in the fourth quarter valued at about $225,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Manhattan Associates by 15.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 29,265 shares of the software maker’s stock valued at $5,983,000 after buying an additional 3,922 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Trading Down 0.1 %

Shares of NASDAQ:MANH opened at $263.74 on Monday. The stock has a market capitalization of $16.15 billion, a P/E ratio of 86.19 and a beta of 1.50. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $268.89. The business has a 50-day moving average price of $250.03 and a two-hundred day moving average price of $239.71.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.22. The company had revenue of $265.30 million during the quarter, compared to analysts’ expectations of $255.83 million. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. Manhattan Associates’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. As a group, equities analysts predict that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Insider Activity

In other news, EVP James Stewart Gantt sold 6,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the sale, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MANH shares. Loop Capital lifted their price target on Manhattan Associates from $250.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson lifted their price target on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Citigroup boosted their price objective on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.43.

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.