Manhattan Associates, Inc. (NASDAQ:MANH) is RGM Capital LLC’s 7th Largest Position

RGM Capital LLC boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 583,037 shares of the software maker’s stock after acquiring an additional 23,000 shares during the quarter. Manhattan Associates comprises 5.8% of RGM Capital LLC’s holdings, making the stock its 7th largest holding. RGM Capital LLC owned approximately 0.95% of Manhattan Associates worth $143,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam purchased a new position in shares of Manhattan Associates during the 1st quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in shares of Manhattan Associates during the second quarter worth $26,000. Benjamin Edwards Inc. acquired a new stake in shares of Manhattan Associates in the first quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in shares of Manhattan Associates in the 2nd quarter valued at $27,000. Finally, Contravisory Investment Management Inc. acquired a new position in Manhattan Associates during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the sale, the executive vice president now owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on MANH shares. DA Davidson lifted their target price on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Loop Capital increased their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Citigroup boosted their price target on shares of Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research note 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $260.29.

Manhattan Associates Stock Up 0.3 %

NASDAQ MANH opened at $275.94 on Friday. Manhattan Associates, Inc. has a 52 week low of $182.97 and a 52 week high of $278.08. The firm has a 50 day moving average of $252.97 and a two-hundred day moving average of $240.45. The stock has a market capitalization of $16.99 billion, a PE ratio of 90.18 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The firm had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

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.