1,790 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,790 shares of the software maker’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its position in Manhattan Associates by 0.6% in the 3rd quarter. State Street Corp now owns 2,203,139 shares of the software maker’s stock valued at $619,918,000 after acquiring an additional 12,787 shares in the last quarter. FMR LLC raised its stake in shares of Manhattan Associates by 7.3% in the 3rd quarter. FMR LLC now owns 1,917,412 shares of the software maker’s stock valued at $539,521,000 after purchasing an additional 130,817 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Manhattan Associates by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker’s stock valued at $426,308,000 after purchasing an additional 82,995 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Manhattan Associates by 213.7% during the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after buying an additional 687,933 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Manhattan Associates during the third quarter worth about $234,249,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Up 1.5 %

NASDAQ:MANH opened at $272.84 on Monday. Manhattan Associates, Inc. has a 12-month low of $199.23 and a 12-month high of $312.60. The stock’s 50 day moving average price is $282.61 and its two-hundred day moving average price is $268.33. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 77.51 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Equities research analysts expect that Manhattan Associates, Inc. will post 3.39 EPS for the current year.

Analyst Ratings Changes

MANH has been the subject of a number of recent research reports. Truist Financial raised their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. DA Davidson raised their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James raised their price objective on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Citigroup upped their target price on Manhattan Associates from $287.00 to $306.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $292.89.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. The trade was a 15.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the transaction, 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. 0.72% of the stock is owned by company insiders.

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.