Manhattan Associates, Inc. (NASDAQ:MANH) Holdings Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,776 shares of the software maker’s stock after purchasing an additional 767 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Manhattan Associates were worth $2,411,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MANH. Tobam purchased a new stake in Manhattan Associates in the 1st quarter worth about $25,000. Innealta Capital LLC purchased a new stake in shares of Manhattan Associates in the second quarter worth approximately $26,000. Benjamin Edwards Inc. acquired a new stake in shares of Manhattan Associates during the first quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in Manhattan Associates during the second quarter valued at approximately $27,000. Finally, Contravisory Investment Management Inc. acquired a new position in Manhattan Associates in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $275.94 on Friday. The firm has a market cap of $16.99 billion, a P/E ratio of 90.18 and a beta of 1.50. The business has a 50 day moving average price of $252.26 and a 200 day moving average price of $240.39. Manhattan Associates, Inc. has a twelve month low of $182.97 and a twelve month high of $278.08.

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

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates 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 transaction, 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 link. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MANH has been the subject of a number of research reports. DA Davidson lifted their target price on shares of Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup raised their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Loop Capital raised 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.29.

Manhattan Associates 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.