Inspire Investing LLC Sells 135 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Inspire Investing LLC decreased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,825 shares of the software maker’s stock after selling 135 shares during the period. Inspire Investing LLC’s holdings in Manhattan Associates were worth $2,424,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. iA Global Asset Management Inc. increased its holdings in shares of Manhattan Associates by 9.7% in the first quarter. iA Global Asset Management Inc. now owns 726 shares of the software maker’s stock worth $182,000 after buying an additional 64 shares during the period. Janiczek Wealth Management LLC increased its holdings in shares of Manhattan Associates by 4.6% in the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock worth $373,000 after buying an additional 65 shares during the period. GAMMA Investing LLC increased its holdings in shares of Manhattan Associates by 11.4% in the second quarter. GAMMA Investing LLC now owns 804 shares of the software maker’s stock worth $198,000 after buying an additional 82 shares during the period. Legacy Advisors LLC increased its holdings in shares of Manhattan Associates by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,689 shares of the software maker’s stock worth $1,650,000 after buying an additional 84 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Manhattan Associates by 3.9% in the second quarter. QRG Capital Management Inc. now owns 2,567 shares of the software maker’s stock worth $633,000 after buying an additional 97 shares during the period. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

MANH stock opened at $269.20 on Thursday. Manhattan Associates, Inc. has a fifty-two week low of $182.97 and a fifty-two week high of $276.99. The business’s 50 day moving average price is $251.58 and its two-hundred day moving average price is $240.14. The company has a market capitalization of $16.57 billion, a price-to-earnings ratio of 87.97 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The firm had revenue of $265.30 million for the quarter, compared to the consensus estimate of $255.83 million. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts forecast that Manhattan Associates, Inc. will post 3.01 earnings per share for the current year.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the business’s stock in a transaction that occurred on 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 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MANH shares. Loop Capital boosted their price target on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson boosted 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 target on Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Four 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 $260.29.

About Manhattan Associates

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.